Over 20 years, would you prefer 10% per annum, with interest compounding, or 15% per annum but
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Over 20 years, would you prefer 10% per annum, with interest compounding, or 15%
per annum but without interest compounding?
(That is, you receive the interest, but it is put into an account that earns no interest, which is what we call simple interest.)
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