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Tom and Sam are the same age. At age 25, Tom invests $6,000 at 7 percent, compounded annually. At age 30, Sam invests $6,000 at

Tom and Sam are the same age. At age 25, Tom invests $6,000 at 7 percent, compounded annually. At age 30, Sam invests $6,000 at 7 percent, compounded annually. All else constant, when they both reach age 60, Sam will have more money than Tom. (T/F)

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