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The longer money can earn interest, Multiple Choice the greater the interest earned on the original deposit exceeds the interest-on-interest. the greater the compounding effect.
The longer money can earn interest,
Multiple Choice
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the greater the interest earned on the original deposit exceeds the interest-on-interest.
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the greater the compounding effect.
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the greater the present value must be to reach a financial goal.
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the greater the risk to the investor of not reaching a financial goal.
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