Multiple Choice
Find the time (in years) necessary for 1,000 to double if it is invested at a rate 6% compounded continuously. Round your answer to two decimal places.
A) 1.16 years
B) 11.55 years
C) 1.39 years
D) 11.90 years
E) 11.58 years
Correct Answer:
Verified
Correct Answer:
Verified
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