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    Exam 4: Time Value of Money 1: Analyzing Single Cash Flows
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    Approximately How Many Years Does It Take to Double a $475
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Approximately How Many Years Does It Take to Double a $475

Question 57

Question 57

Multiple Choice

Approximately how many years does it take to double a $475 investment when interest rates are 8% per year?


A) 18 years
B) 12 years
C) 9 years
D) 4.75 years

Correct Answer:

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