katerinap18904 katerinap18904
  • 03-12-2020
  • Mathematics
contestada

is the amount that savings or investments grows called a principal

Respuesta :

Thawkins000
Thawkins000 Thawkins000
  • 03-12-2020
Principal is also the original amount of investment made in an asset, separate from any earnings or interest accrued. For example, assume you deposit $5,000 in an interest-bearing savings account. At the end of 10 years, your account balance will have grown to $6,500.
Answer Link

Otras preguntas

Wallace employs the term "default setting" throughout the speech. What does he mean by this term? How do we develop our default settings? Why does he say that w
what is the central idea of pizza?
historians label an event as a turning point when it​
If a circle has a radius of 4 cm, what is the circumference? Enter a numerical value only.
b) offer /peace /of hope / and / of mind / a lot/prayers.rearrange the sentence​
Imagine going outside on a cold day without a jacket explain your body's homeostatic control system response to this in terms of the four components: The sensor
When two species from different lineages independently evolve similar characteristics because they occupy similar environments, we observe ______.
Why was Boston singled out for punishment
What is this symbol called in music?
When a company performs services for a customer, and the customer agrees to pay for the services at a later date, the transaction is recorded in which account?