Annual means compounded once a year.

True

False

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08-02-2016
Business

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Annual means compounded once a year.

True

False

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taskmasters taskmasters · Answer 1 · 2016-02-08T03:36:23-05:00

Annual means compounded once a year. This statement is true. Compounded means gathered together. Example of annual are => Annual salary - In which your monthly salary is being calculated together to be able to have the total of annual salary. => Annual interest - in which the monthly interest is being add up together to get to annual interets.Annual also known as yearly. Being calculated the total number of amount accumulated in one whole year.

Annual means compounded once a year. True False

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Annual means compounded once a year.

True

False