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    Business
  3. Study Set
    Foundations of Finance
  4. Exam
    Exam 5: The Time Value of Money
  5. Question
    At an Annual Interest Rate of 9%,an Initial Sum of Money
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At an Annual Interest Rate of 9%,an Initial Sum of Money

Question 120

Question 120

True/False

At an annual interest rate of 9%,an initial sum of money will double approximately every 8 years.

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