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1) The time value of money concept recognizes that people require additional compensation for deferring consumption True/False 2) Compound interest consists of both simple interest

1) The time value of money concept recognizes that people require additional compensation for deferring consumption

True/False

2) Compound interest consists of both simple interest and interest on interest

True/False

3) The future value increases as either the interest rate or the number of periods per year increases, other things held constant

True/False

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