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    College Algebra
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    Exam 5: Exponential and Logarithmic Functions
  5. Question
    If Money Is Invested in a Savings Account Earning 4
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If Money Is Invested in a Savings Account Earning 4

Question 107

Question 107

Multiple Choice

If money is invested in a savings account earning 4.5% interest compounded yearly, how many years will pass until the money doubles?


A) 15.75
B) 0.41
C) 0.66
D) 15.40

Correct Answer:

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