Multiple Choice
A bank is offering a new savings account that pays 8% per year.Which formula below shows the calculation for determining how long it will take a $100 investment to double?
A) n =
B) n = 1.08ln(2)
C) n = 2ln(1.08)
D) n = 11ec8746_971a_5ab7_b56c_ab8cae0a0293_TB2250_11
Correct Answer:
Verified
Correct Answer:
Verified
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