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Questions and Answers
Which type of interest involves only the initial amount of money invested?
Which type of interest involves only the initial amount of money invested?
- Simple interest (correct)
- Compound interest
- General annuity
- None of the above
What type of annuity involves regular payments of equal amounts over a specific period of time?
What type of annuity involves regular payments of equal amounts over a specific period of time?
- Simple interest
- Compound interest
- General annuity (correct)
- None of the above
Which type of interest involves both the initial amount of money invested and the interest earned over time?
Which type of interest involves both the initial amount of money invested and the interest earned over time?
- Simple interest
- Compound interest (correct)
- General annuity
- None of the above
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