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    Essentials of College Algebra
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    Exam 5: Inverse, Exponential, and Logarithmic Functions
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    What Is the Rate on an Investment That Doubles $2520
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What Is the Rate on an Investment That Doubles $2520

Question 418

Question 418

Multiple Choice

What is the rate on an investment that doubles $2520 in 17 years? Assume interest is compounded quarterly.


A) 5.1%
B) 4.1%
C) 3.1%
D) 2.0%

Correct Answer:

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