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You are investing in a financial product that generates a positive rate of return for five years. The return is based on compounded interest that
You are investing in a financial product that generates a positive rate of return for five years. The return is based on compounded interest that is paid at the end of each year. Which one of the following is correct? You will receive less interest in year two than in year one, in year three than in year two, and so on. You will receive more interest in year two than in year one, in year three than in year two, and so on. You will not receive any interest for the first year. You will receive the same amount of interest each year
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