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Compounding refers to the growth process that turns $1 today into a greater value several periods in the future. a. True b. False
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Compounding refers to the growth process that turns $1 today into a greater value several periods in the future.

a. True

b. False

User Radrow
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1 Answer

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The above statement is TRUE. Compounding is the process by which the worth of an investment increases because the earnings on an investment, which is made up of the capital gains and interest earn interests as time passes. 
User Perigee
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