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Compound interest earns less than simple interest.
true or false.

Interest = Principal x Rate x Time in Years
true or false.

Simple interest = Amount – Original Principal
true or false.

Compounding quarterly earns more than compounding monthly.
true or false.

Simple interest calculating is used primarily for short-term loans and property mortgages.
true or false.

Compound interest calculating is primarily for savings and investment accounts.
true or false.

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