Compound interest is a very important consideration when evaluating the return on an investment you plan to hold for a long time.

Name: Compound interest is a very important consideration when evaluating the return on an investment you plan to hold for a long time.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Compound interest allows the interest to be calculated not only on the initial principal but also on the accumulated interest from previous periods, which can significantly increase the return on an investment over a long period.

Compound Interest Is a Very Important Consideration When Evaluating the Return