Question: A return of 12% compounded annually is the same as a return of 1% per month Select one: True False The money must you pay

A return of 12% compounded annually is the same as a return of 1% per month Select one: True False The money must you pay into an account at the beginning of each of 20 years in order to have $10,000 at the end of the 20th year( Assume that the account pays 12% per year, and round to the nearest $1) is $124 Select one: True False

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