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An Initial Investment of $1000 Grows at an Annual Interest

Question 112

Multiple Choice

An initial investment of $1000 grows at an annual interest rate of 7% compounded continuously. How long will it take to double the investment?

A) 10.29 years
B) 9.29 years
C) 9.90 years
D) 10.90 years
E) 1 year

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