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An investment earning 1 2 % interest compounded semi - annually, will accumulate to a greater amount in the future than an equal investment earning

An investment earning

12 %

interest compounded semi

-

annually, will accumulate to a greater amount in the future than an equal investment earning

12 %

compounded quarterly

(

assume that the two alternatives would be invested for the same amount of time

) .

True

False

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