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An Initial Investment of $6000 Grows at an Annual Interest

Question 143

Multiple Choice

An initial investment of $6000 grows at an annual interest rate of 7% compounded continuously. How long will it take to double the investment?

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

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