Answer
True
Work Step by Step
Formulas for compound interest show that if you make the decision to postpone certain purchases and save the money instead, small amounts of money can be turned into substantial sums over a period of years.
Thinking Mathematically (6th Edition)
by Blitzer, Robert F.
Published by
Pearson
ISBN 10:
0321867327
ISBN 13:
978-0-32186-732-2
Chapter 8 - Personal Finance - 8.4 Compound Interest - Concept and Vocabulary Check - Page 520: 10
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