Brian invested 1000 five years ago and earns 4 interest per


Brian invested $1,000 five years ago and earns 4% interest per annum on his investment. By leaving the interest earnings in the account, he increases the amount of interest he earns each year.

What is the term for this effect?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Brian invested 1000 five years ago and earns 4 interest per
Reference No:- TGS01178628

Expected delivery within 24 Hours