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An Initial Investment of $5000 Doubles in Value in 11

Question 27

Multiple Choice

An initial investment of $5000 doubles in value in 11 years. Assuming continuous compounding, what was the interest rate? Round to the nearest tenth of a percent.


A) 2.7%
B) 3.2%
C) 11%
D) 6.3%
E) 100%

Correct Answer:

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