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

question 25

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:

Cultural Relativism

A concept in anthropology and ethics that posits the belief systems and moral codes of a culture should be understood and judged within the context of that culture's own history and traditions.

Open Mind

The willingness to consider new ideas and perspectives without letting one's own beliefs hinder the process.

Divine Command Theory

The ethical theory that posits moral values and obligations are rooted in the commands of God or a supreme deity.

Plato

Ancient Greek philosopher who founded the Academy in Athens, known for his works on philosophy, ethics, and politics, including the theory of Forms.