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

Question

Quizplus · Accepted Answer

Inflation reduces the value of money over time, which decreases the purchasing power of your money and makes it harder to reach your financial goals. This is why it is important to invest in assets that have a higher return than the rate of inflation to achieve compound interest.

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