Multiple Choice
How long will it take for $400 to double if it is invested at 7% annual interest compounded twice a year?
A) It will take approximately 10.4 years.
B) It will take approximately 23.2 years.
C) It will take approximately 10.8 years.
D) It will take approximately 10.1 years.
E) It will take approximately 9.0 years.
Correct Answer:
Verified
Correct Answer:
Verified
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