Explain what compounding is and the relationship between compound interest earned and the number of years over which an investment is compounded.
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Q247: Provide a definition of compounding.
Q248: Provide a definition of compound interest.
Q249: If $10,000 was invested at 4% over
Q250: Provide a definition of interest on interest.
Q251: Provide a definition of time value of
Q253: Provide a definition of future value (FV).
Q254: What is the difference in future value
Q255: Provide a graphical illustration of present value
Q256: Provide a definition of simple interest.
Q257: Provide a definition of discount.
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