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3.1 Simple Interest

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Compound Interest Growth of 1.00 compounded monthly at 6% annual interest over a 15 year period (Arrow indicates an increase in value of almost 2.5 times the original amount. ) 0 0.5 1 1.5 2 2.5 3 Growth of 1.00 compounded monthly at 6% annual interest over a 15 year period

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