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Which statement is incorrect about the above spectra
Compounded Annually
Interest calculation method where interest is added to the principal sum once a year, leading to growth that includes "interest on interest."
Perpetuity
A financial instrument that pays a fixed sum of money indefinitely, with no end date.
Deferral Period
A specified period of time during which payment of a debt, investment, or loan is suspended or delayed.
Compounded Monthly
Interest calculation method where both the initial principal and the accumulated interest are recalculated every month.
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