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Show that the return on a deposit subject to periodic compounding is not addictive, i.e., in general , R(t1,t2) + R(t2,t3) R(t1,t3) for t1 <

Show that the return on a deposit subject to periodic compounding is not addictive, i.e., in general , R(t1,t2) + R(t2,t3) R(t1,t3) for t1 < t2 < t3

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