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Suppose you plan to invest 1000 U.S. Dollars. You can earn an EAR of 5 percent on investment A, while investment B has an EAR

Suppose you plan to invest 1000 U.S. Dollars. You can earn an EAR of 5 percent on investment A, while investment B has an EAR of 12 percent. 11 years later, the compounded value of investment B should be more than double the compounded value of investment A. True or False?

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