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Repi Posted 12 years ago
Vocabulary
Compound for?
Can someboy explain what this sentence means:
The employers of XY did not compound for their rates under XY Act but paid upon the full amount?
Thank you
The employers of XY did not compound for their rates under XY Act but paid upon the full amount?
Thank you
Top answer
Thank you It makes no sense to me. Compound is mostly used regarding interest rates, when the interest is paid upon principal + prior interest at some frequency. Perhaps they were paid only the principal plus simple interest.
- Thank you It makes no sense to me.
- Compound is mostly used regarding interest rates, when the interest is paid upon principal + prior interest at some frequency.
- Perhaps they were paid only the principal plus simple interest.
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1 Answers
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Repi Can someboy explain what this sentence means:The employers of XY did not compound for their rates under XY Act but paid upon the full amount?Thank youIt makes no sense to me.
Compound is mostly used regarding interest rates, when the interest is paid upon principal + prior interest at some frequency.
Perhaps they were paid only the p
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