Multiple Choice
How long will it take an investment of $9,000 to double if the investment earns interest at the rate of 9% / year compounded monthly?
A) 7.5 year(s)
B) 7.8 year(s)
C) 7.7 year(s)
D) 8.0 year(s)
Correct Answer:
Verified
Correct Answer:
Verified
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