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    Personal Finance Study Set 4
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    Exam 1: Personal Finance Basics and the Time Value of Money
  5. Question
    Interest on Savings Is Calculated by Multiplying the Money Amount
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Interest on Savings Is Calculated by Multiplying the Money Amount

Question 10

Question 10

True/False

Interest on savings is calculated by multiplying the money amount times the opportunity cost times the annual interest rate.

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