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Which statement is true?
Annual Interest Rate
The percentage of principal charged or earned as interest for a period of one year.
Future Value
The value of an investment at a specific date in the future, accounting for factors like interest rates and compounding.
Annual Inflation Rate
The percentage increase in the price of goods and services over a one-year period, reflecting the purchasing power of a currency.
Automobiles
Motor vehicles with four wheels designed primarily for passenger transportation on roads.
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