True/False
Suppose an investor plans to invest a given sum of money.She can earn an effective annual rate of 5% on Security A,while Security B will provide an effective annual rate of 12%.Within 11 years' time,the compounded value of Security B will 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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