True/False
The I.C. James Co. invested $10,000 six years ago at 5% simple interest. The I.M. Smart Co.
invested $10,000 six years ago at 5% interest which is compounded annually. Both the I.C. James
Co. and the I.M. Smart Co. will earn $500 interest in the first year.
Correct Answer:
Verified
Correct Answer:
Verified
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