Interest-on-interest if interest is compounded


Problem:

Joachim Noah is investing $5,000 in an account paying 6.75 percent annually for three years.

Required:

Question: What is the interest-on-interest if interest is compounded?

Note: Provide support for rationale.

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Accounting Basics: Interest-on-interest if interest is compounded
Reference No:- TGS0885179

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