Business, 18.12.2019 21:31 andres2865

Suppose randy jones plans to invest $1,000. he can earn an effective annual rate of 5% on security a, while security b has an effective annual rate of 12%. after 11 years, the compounded value of security b should be somewhat less than twice the compounded value of security a. (ignore risk, and assume that compounding occurs annually.)

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Suppose randy jones plans to invest $1,000. he can earn an effective annual rate of 5% on security a...

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