Multiple Choice
Solve the problem.
-Find out how long it takes a $3000 investment to double if it is invested at 8% compounded monthly. Round to the nearest tenth of a year. Use the formula 
A) 8.7 yr
B) 9.1 yr
C) 8.9 yr
D) 8.5 yr
Correct Answer:
Verified
Correct Answer:
Verified
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