An account offers a guaranteed 3% interest rate, with interest compounded annually, and the principal amount can be withdrawn after 5 years.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

A fixed investment has a guaranteed return and returns the principal at a specified time. Here, the account guarantees 3% annual interest and allows the principal to be withdrawn after 5 years, so it fits that description. Annual compounding does not make it non-fixed, and the fact that it is a savings account is not the deciding factor.

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