What is compound frequency?
A
Generated interest
B
Interest lost
C
The number of compound periods in one year/the greater the compounding frequency, the more often your interest is calculated and added back to your account.
D
None of the above.
3.
All of the following are the steps to figure out "The Rule of 72" EXCEPT
A
Find the interest rate.
B
72 divided by the interest rate.
C
Roughly how many years it will take your money to double.
D
Add 72 to the interest rate.