Multiple Choice
How long will it take an investment of $5,000 to double if the investment earns interest at the rate of 7% compounded continuously? Round your answer to two decimal places.
A) 9.86 year(s)
B) 9.90 year(s)
C) 9.92 year(s)
D) 9.84 year(s)
E) 9.88 year(s)
Correct Answer:
Verified
Correct Answer:
Verified
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