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An Initial Investment of $9000 Grows at an Annual Interest

Question 149

Multiple Choice

An initial investment of $9000 grows at an annual interest rate of 5% compounded continuously. How long will it take to double the investment?

A) 13.86 years
B) 14.86 years
C) 14.40 years
D) 13.40 years
E) 1 year

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