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Jamil Invested $9,500 in an Account He Expects Will Earn

Question 73

Multiple Choice

Jamil invested $9,500 in an account he expects will earn 5% annually.Approximately how many years will it take for the account to double in value? (Round off your answer to one decimal place.)


A) 8.8
B) 9.7
C) 10.8
D) 11.4
E) 14.2

Correct Answer:

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