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9. Which one of the following statements is correct? A. Compound interest is less powerful than simple interest in terms of interest growth. B. Effective

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9. Which one of the following statements is correct? A. Compound interest is less powerful than simple interest in terms of interest growth. B. Effective interest rate is the real interest rate that one will earn in any investments. C. One should use effective interest rates to compare different investment opportunities. D. Nominal interest rate is always correct in calculating future values

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