Question: In general which statement is correct? Group of answer choices For multiple time periods both simple and compound interest will yield the same ending balance.
In general which statement is correct?
Group of answer choices
For multiple time periods both simple and compound interest will yield the same ending balance.
For a singletime period both simple and compound interest will yield a differentending balance.
For multiple time periods rolling interest will yield a higher ending balance than will compounding interest.
For multiple time periods compoundinterest will yield a higher ending balance than will simpleinterest.
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