Compounding refers to the growth process that turns $1 today into a greater value several periods in the future. a. True b. False

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asked Apr 23, 2018 71.2k views

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Perigee · Answer 1 · 2018-04-29T17:51:16+0000

The above statement is TRUE. Compounding is the process by which the worth of an investment increases because the earnings on an investment, which is made up of the capital gains and interest earn interests as time passes.

Compounding refers to the growth process that turns $1 today into a greater value several periods in the future. a. True b. False

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