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True or False: Assume you wish to have a certain amount saved four years from now,...

True or False: Assume you wish to have a certain amount saved four years from now, and you plan to make a one-time deposit today in an interest-bearing account earning interest of 10%.

As the compounding frequency of interest decreases, the amount you need to invest today in order to achieve your goal will increase.

Select one:

True

False

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