Answer
False
Work Step by Step
Due to compounding interest, 10 years paying 1000 dollars is not the same as five years paying 2000 dollars. After all, this ignores the time value of money.
Functions Modeling Change: A Preparation for Calculus, 5th Edition
by Connally, Eric; Hughes-Hallett, Deborah; Gleason, Andrew M.; Cheifetz, Phil C.
Published by
Wiley
ISBN 10:
1118583191
ISBN 13:
978-1-11858-319-7
Chapter 13 - Sequences and Series - Strengthen Your Understanding - Page 561: 20
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