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If an investment of $ 3 5 , 0 0 0 is earning an interest rate of 8 . 0 0 % , compounded annually,
If an investment of $ is earning an interest rate of compounded annually, then it will take for this investment to reach a value of $assuming that no additional deposits or withdrawals are made during this time.
Which of the following statements is trueassuming that no additional deposits or withdrawals are made?
An investment of $ at an annual rate of will return a higher value in five years than $ invested at an annual rate of in the same time.
An investment of $ at an annual rate of will return a higher value in five years than $ invested at an annual rate of in the same time.
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