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You plan to retire in 25 years. You estimate that if you deposit $10,000 into a retirement savings account today, earning 12% interest compounded quarterly,
You plan to retire in 25 years. You estimate that if you deposit $10,000 into a retirement savings account today, earning 12% interest compounded quarterly, it will grow to $192, 186 in 25 years. In setting up a timeline, t_0 = -Select- and t_25 = -Select- The main difference between simple and compound interest is that
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