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A. How does compound interest differ from simple interest, and why is the present value of a future sum always less than that sums's future

A. How does compound interest differ from simple interest, and why is the present value of a future sum always less than that sums's future value?

B. What is an amortized loan and what is the relationship between the interest rate and number of years on an amortized loan and total amount of interest paid?

Each response should be 200 to 300 words in length.

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