Multiple Choice
How long will it take $900 to double itself if it is invested at 11% interest compounded semiannually? Please round the answer to the nearest tenth.
A) 6.5 years
B) 9.5 years
C) 7.0 years
D) 5.5 years
E) 7.5 years
Correct Answer:
Verified
Correct Answer:
Verified
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