What factors determine the amount of interest earned on a fixed principal

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asked Jun 9, 2022 62.5k views

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Jeffrey Mixon · Answer 1 · 2022-06-14T01:40:09+0000

Answer:

The interest rate and the number of compounding periods best describe the factors that determine the amount of interest because they encompass the ideas of time and yield.

Explanation:

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What factors determine the amount of interest earned on a fixed principal

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What factors determine the amount of interest earned on a fixed principal