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Which statement about prediction and causal explanation is true?
Interest
The charge for borrowing money, usually expressed as a percentage of the amount borrowed over a specified period.
Year 2
Typically refers to the second year in a given context, such as the second year of a study, project, or business operation, implying an ongoing or sequential timeline.
Future Value
The value of a current asset at a future date based on an assumed rate of growth over time.
Compound Interest
Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.
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