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Compounding monthly versus annually causes the interest rate to be effectively higher, and thus the future value Multiple Choice grows. decreases. is independent of the
Compounding monthly versus annually causes the interest rate to be effectively higher, and thus the future value Multiple Choice grows. decreases. is independent of the monthly compounding. is affected only if the calculation involves an annuity due.
Compounding monthly versus annually causes the interest rate to be effectively higher, and thus the future value
Multiple Choice
grows.
decreases.
is independent of the monthly compounding.
is affected only if the calculation involves an annuity due.
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