Thinking Mathematically (6th Edition)

Published by Pearson
ISBN 10: 0321867327
ISBN 13: 978-0-32186-732-2

Chapter 8 - Personal Finance - 8.4 Compound Interest - Concept and Vocabulary Check: 10

Answer

True

Work Step by Step

Formulas for compound interest show that if you make the decision to postpone certain purchases and save the money instead, small amounts of money can be turned into substantial sums over a period of years.
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