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When comparing the future value of two investments: one that earns 6% p.a. simple interest and the other that earns 6% p.a interest compounding annually,
When comparing the future value of two investments: one that earns 6% p.a. simple interest and the other that earns 6% p.a interest compounding annually, the difference can best be described as:
A.the time value of money
B.a pricing convention in money markets
C.compound interest
D.interest on interest
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