8. compound interest is earned at a fixed rate, while ________ is an average based on an investments past…
8. compound interest is earned at a fixed rate, while ________ is an average based on an investments past performance. the principal interest rate the fifth foundation compound growth
Answer
Answer: None of the above options are correct. The term should be "average return" which is an average based on an investment's past performance.
Brief Explanations: Compound interest is calculated on principal and accumulated interest at a fixed rate. Average return looks at historical investment performance to give an average measure of how an investment has performed over time. The given options do not correctly fill the blank.