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If you are depositing money in an investment account that earns a 6% interest rate: - Simple interest is preferred, other things held constant. -Compound

If you are depositing money in an investment account that earns a 6% interest rate:

- Simple interest is preferred, other things held constant.

-Compound interest is preferred, other things held constant.

-I would be indifferent between simple interest and compound interest.

-Simple interest is preferred if I plan to keep the funds in the account for a long time period.

-None of the above is correct.

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