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11. For an investment to increase in value to a specific amount in the future A. The time required to reach that value is unaffected
11. For an investment to increase in value to a specific amount in the future
A. The time required to reach that value is unaffected by the compounding of interest.
B. The lower the rate, the shorter the time required to increase
C. The time required to reach that value is is longer with compound interest than with simple interest
D. The time required to reach that value is directly related to the interest rate
E. The time required to reach that value decreases as the amount invested increases.
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