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All else constant, which of the following is correct? I. Simple interest is the interest earned on the original principal. II. Simple interest does not

All else constant, which of the following is correct?

I. Simple interest is the interest earned on the original principal.

II. Simple interest does not change over the life of an investment.

II. Compound interest is the total interest earned over the life of an investment.

IV. Compound interest earned each period, decreases over the life of an investment.

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