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Theresa Invested $5,000 in an Account She Expects to Earn

Question 125

Multiple Choice

Theresa invested $5,000 in an account she expects to earn 7% annually.Approximately how many years will it take for the account to double in value? (Round number of years to nearest whole number.)


A) 8
B) 9
C) 10
D) 11
E) 12

Correct Answer:

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