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  • The concept of compound interest refers to? #161
  • The value of money to be received in the future is … the value of the same amount of money in hand today? #162
  • The Time value of money must be considered in total outlay decision because? #163
  • Interest paid (earned) on both the original principal borrowed (lent) and previous interest allowed (earned) is often referred to as …? #164
  • Money has no time value because? #165
  • The real rate of interest reflects compensation for? #166
  • There are no … to run the business, just the sole trader. #167
  • Interest has 3 types? #168
  • The basic rule of the time value of money is? #169
  • A decrease in the supply for loanable funds, holding demand constant, will cause interest rates to? #170
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