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Do rechargeable AAA batteries lose their effectiveness over long period of time?

I was just wondering if I use rechargeable AAA batteries for fairly long period of time, will it eventually degrades and provide less power per recharge than what it used to provide? Will I have to recharge them more often than what I used to earlier? Or do these rechargeable batteries provide same amount of power every time of use until they expire? Can someone help me with relevant information pertaining to my query? Thanks.

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