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Which of the following statements is correct? Group of answer choices The growth in the future value of an investment over time is not linear,
Which of the following statements is correct? Group of answer choices The growth in the future value of an investment over time is not linear, but exponential. The more frequently the interest payments are compounded, the smaller the future value of $1 for a given time period. All the answers are correct. The interest earned on interest is the difference between the principal and the simple interest. The present value in three years of $5,000 invested today at a rate of 10 percent is $6,655
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