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Find the Time (In Years) Necessary for 1,000 to Double

Question 3

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:

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