Unit 7 6. Tom’s investment account at his bank has compounding interest. He isn’t sure if this is a positive thing for his investment. What is the BEST advice you can offer Tom?
A.
Ask your bank to compound the interest less frequently.
B.
Withdraw your investment immediately because compounding interest is a scam.
C.
Invest in a bank that doesn’t offer compounding interest so there is less risk.
D.
Keep your account open and you will earn more on interest you’ve already earned.
Answers: 2
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Unit 7 6. Tom’s investment account at his bank has compounding interest. He isn’t sure if this is a...
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