Suppose Sally Smith plans to invest $1,000. She can earn an effective annual rate of 5% on
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Question:
- Suppose Sally Smith plans to invest $1,000. She can earn an effective annual rate of 5% on Security A, while Security B has an effective annual rate of 12%. After 11 years, the compounded value of Security B should be more than twice the compounded value of Security A.
True - False
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