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Jorge Invested $7500\$ 7500 At 8%8 \% Compounded Semiannually

Question 285

Multiple Choice

Jorge invested $7500\$ 7500 at 8%8 \% compounded semiannually. In how many years will Jorge's investment have tripled? Round your answer to the nearest tenth of a year.


A) 13.7 years
B) 1.5 years
C) 14 years
D) 6.2 years

Correct Answer:

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