Which One of the Following Is the "Enemy" of Compound

question 53

Multiple Choice

Which one of the following is the "enemy" of compound interest and makes it very difficult to reach your financial goals?

• A) inflation
• B) annuity factor
• C) simple interest
• D) compound frequency
• E) none of the above

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Definitions:

Personality Assessments

Tools or techniques designed to evaluate human personality traits, behaviors, and characteristics.

Internal Locus of Control

The belief that one's own actions and behaviors are primarily responsible for the outcomes and events in their life.

External Locus

A belief system where individuals perceive their successes or failures as being influenced by external forces or events beyond their control.

Fatalistic Attitude

A mindset or belief that events are predetermined to happen and cannot be changed by the individual, leading to a sense of powerlessness.