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True or false: Given that a saver has a principal of $5,000 to save and is evaluating a bank account with a simple interest rate

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True or false: Given that a saver has a principal of $5,000 to save and is evaluating a bank account with a simple interest rate of 2% versus one with a compound interest rate of 2%, the savings account with a simple interest rate will yield higher returns over time. True False

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