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An Initial Investment of $4000 Grows at an Annual Interest

Question 35

Multiple Choice

An initial investment of $4000 grows at an annual interest rate of 4% compounded continuously. How long will it take to double the investment?

A) 17.33 years
B) 18.33 years
C) 18.00 years
D) 17.00 years
E) 1 year

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