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In the accompanying figure, the ____ is indicated by arrow number 1.
Investments
Resources or possessions obtained with the intention of creating income or growing in value over time.
Average Annual Interest Rate
This refers to the weighted average of all the interest rates applied to a loan or financial product, averaged over a year.
Interest on Interest
The effect of compounding interest, where interest earned accrues additional interest over time.
Investments
Assets or funds allocated with the expectation of generating income or profit, including stocks, bonds, real estate, or other financial products.
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