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You are trying to choose between two accounts. Both have the same interest rate, but one is a simple interest account and the other is
You are trying to choose between two accounts. Both have the same interest rate, but one is a simple interest account and the other is a compound interest account. Which of the following is FALSE? If you are investing for one period, you are indifferent between the two accounts. If you are investing for more than one period, you should choose the compound interest account. You should always choose compound interest accounts
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