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Bob Has $2,500 Invested in a Bank That Pays 5

Question 36

Multiple Choice

Bob has $2,500 invested in a bank that pays 5.4% annually.How long will it take for his funds to double?

A) 13.44 years
B) 16.34 years
C) 13.18 years
D) 14.89 years
E) 12.92 years

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