True/False
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.(Ignore risk, and assume that compounding occurs annually.)
Correct Answer:
Verified
Correct Answer:
Verified
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