If you are depositing money in an investment account that earns a 6% interest rate:...
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Accounting
If you are depositing money in an investment account that earns a 6% interest rate:
- Simple interest is preferred, other things held constant.
-Compound interest is preferred, other things held constant.
-I would be indifferent between simple interest and compound interest.
-Simple interest is preferred if I plan to keep the funds in the account for a long time period.
-None of the above is correct.
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