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KonstantinChe [14]
3 years ago
8

All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn th

e same amount of interest as an account earning compound interest.A. True
B. False
Business
1 answer:
Ksju [112]3 years ago
6 0

Answer: True

Explanation: Hyderali230 is wrong according to Cengage Unlimited. He tries to explain that the principle you keep putting in makes compound interest not grow as quickly. However, It's all things being held equal, meaning, no other principal payments are being made.

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The six steps for recording a business transaction in the general journal are shown below, out of order. In your working papers
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If there is an increase in market demand in a perfectly competitive market, then in the short run
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Answer:

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7 0
3 years ago
According to economists, when two people make the exactly opposite decision:
disa [49]

Answer:

b. each person evaluates the situation according to his/her individual self-interest.

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6 0
3 years ago
What are the three parts of the federal reserve system
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