1 multiple choice 10 points what is compound interest? a method of calculating interest only on the initial…

1 multiple choice 10 points what is compound interest? a method of calculating interest only on the initial principal amount when you earn interest on the money youve saved and on the interest the interest owed but not yet paid on a loan the total amount of your student loan debt 2 multiple choice 10 points what % should you invest at the minimum from your paycheck monthly when 5% 10% 15%

1 multiple choice 10 points what is compound interest? a method of calculating interest only on the initial principal amount when you earn interest on the money youve saved and on the interest the interest owed but not yet paid on a loan the total amount of your student loan debt 2 multiple choice 10 points what % should you invest at the minimum from your paycheck monthly when 5% 10% 15%

Answer

Brief Explanations:

Compound interest is the interest calculated on the initial principal and also on the accumulated interest of previous periods. Regarding the second - question, a common financial advice is to invest at least 10% of monthly income for long - term financial goals.

Answer:

  1. B. When you earn interest on the money you've saved and on the interest
  2. B. 10%