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What are the benefits and drawbacks to simple interest

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Reference no: EM133183937

Question -

1-Explain how each type of interest works.

2-What are the benefits and drawbacks to simple interest?

3-What are the benefits and drawbacks of compound interest?

4-In what circumstances would you prefer simple interest? Give an example.

5-In what circumstances would you prefer compound interest? Give an example.

Reference no: EM133183937

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