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Solve the Problem. -How Long Will It Take Money to Double If It

Question 25

Multiple Choice

Solve the problem.
-How long will it take money to double if it is invested at 5.25%, compounded continuously? Round your answer to the nearest tenth.


A) 0.13 yr
B) 14 yr
C) 13.2 yr
D) 26.4 yr

Correct Answer:

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