[Answer] ___________________ _______________ refers to how often your interest is calculated and and added back to your account.

Answer: Rule of 72

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___________________ _______________ refers to how often your interest is calculated and and added back to your account. The greater the compounding frequency the more often your interest is calculated and added back into your account . Consolidation Loans These combine several student loans into one bigger loan from a single lender which is then used to pay off the balances on the other loans. How often your interest rate is calculated and added back into your account How easily you can add money into your account What type of interest your account earns What interest rate you can expect from your account Answer: A “Compounding frequency” refers to: a. How often your interest is calculated and added back into your account b . How easily you can add money into your account c. What type of interest your account earns d. What interest rate you can expect from your account Compounding frequency : The time periods when interest will be calculated on top of the original loan amount (or) The number of compounding periods in one year. The greater the compounding frequency the more often your interest is calculated and added back into your account. Now after another three months interest would be calculated at 1% of the new balance of $10 100 or $101 . The cycle repeats in three more months and so on. After a y...

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