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An investment today of $8,424 at 6% will yield payments of $2,000 per year for five years, or total payments of $10,000 over five years.
An investment today of $8,424 at 6% will yield payments of $2,000 per year for five years, or total payments of $10,000 over five years. The reason for this increase is that the interest is being earned on principal that is left invested each year. True False
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