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Lisa Has $1,000 in Cash Today

Question 27

Multiple Choice

Lisa has $1,000 in cash today.Which one of the following investment options is most apt to double her money?


A) 6 percent interest for 3 years
B) 12 percent interest for 5 years
C) 7 percent interest for 9 years
D) 8 percent interest for 9 years
E) 6 percent interest for 10 years

Correct Answer:

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