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Solve the Problem. -How Long Will It Take for an Investment to Double

Question 95

Multiple Choice

Solve the problem.
-How long will it take for an investment to double in value if it earns 4.25% compounded continuously? Round your answer to three decimal places.


A) 25.85 yr
B) 16.309 yr
C) 8.155 yr
D) 17.715 yr

Correct Answer:

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