An account offers a guaranteed 3% interest rate, with interest compounded annually, and the principal amount can be withdrawn after 5 years. Is this a fixed investment?

Name: Revolt
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Revolt · Accepted Answer

Yes, because it offers a guaranteed interest rate and principal repayment at a specified time.

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An account offers a guaranteed 3% interest rate, with interest compounded annually, and the principal amount can be withdrawn after 5 years. Is this a fixed investment?

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