Securities and Exchange Commission
The Securities and Exchange Commission (SEC) is a federal agency that administers the Securities Exchange Act of 1934 and regulates the financial markets. Companies that issue securities to the public or are listed on an exchange are required to file audited financial statements with the SEC. In addition, the SEC has broad powers to prescribe the accounting practices and standards in the U.S.
Simple interest is interest that accrues on only the principal and not the accrued interest. Simple interest always grows slower than compound interest. Simple interest = principal x rate x time. Compound interest earns interest on both principal and the previous interest.