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Rank the variables on how their impact on the present value of a lump-sum investment from greatest to least? compounding type, annual interest rate or

Rank the variables on how their impact on the present value of a lump-sum investment from greatest to least? compounding type, annual interest rate or time.

Top label: Greatest ImpactGreatest Impact

(Interest Rate

Time

Compounding periods)

Least Least Impact

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