Multiple Choice
If $1,000 is invested in an account with 9% interest compounding yearly, approximately how many years will it take for the amount to double? Please refer to the following Future Value table:
A) Slightly more than 8 years
B) Exactly 9 years
C) 5 years
D) Slightly less than 7 years
Correct Answer:

Verified
Correct Answer:
Verified
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