kamilahmcneil61701 kamilahmcneil61701

25-01-2024
Business

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Under which of the following condition will a future value calculated with simple interest exceed a future value calculated with compound interest at the same rate for the same time period?

a. The interest rate is very high
b. The compounding is annually
c. The investment period is very long
d. This is impossible with positive interest rates

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