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ran investment of $30,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to reach a value of

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ran investment of $30,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to reach a value of $47,606.23-assuming that no additional deposits or withdrawals are made during this time. Which of the following statements is true-assuming that no additional deposits or withdrawals are made? An investment of $50 at an annual rate of 5% will return a higher value in five years than $25 invested at an annual rate of 10% in the same time. o O An investment of $25 at an annual rate of 10% will return a higher value in five years than $50 invested at an annual rate of 5% in the same time

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