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Final answer:
Long-term investments help individuals save for the future through various financial tools and vehicles.
Explanation:
Long-term investments are commonly used to save money for the future, particularly for goals like retirement. Investing involves sacrificing current consumption for greater future gains. Individuals can save for old age through various options like savings accounts, stocks, bonds, and annuities, each carrying different levels of risk and return.
Learn more about Long-term investments here:
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