2. When interest us credited the instant it is earned is to be referred to as. : a) simple interest b) amortized daily interest c) annually compounded interest d) annuitized interest e) continuously compounded interest

2. When interest us credited the instant it is earned is to be referred to as. : a) simple interest b) amortized daily interest c) annually compounded interest d) annuitized interest e) continuously compounded interest

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

2. When interest us credited the instant it is earned is to be referred to as. :

a) simple interest

b) amortized daily interest

c) annually compounded interest

d) annuitized interest

e) continuously compounded interest

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