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Business, 12.11.2019 23:31 xelynncaldera
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.)
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Suppose sally smith plans to invest $1,000. she can earn an effective annual rate of 5% on security...
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