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An Initial Investment of $6000 Grows at an Annual Interest

Question 62

Multiple Choice

An initial investment of $6000 grows at an annual interest rate of 3% compounded continuously.How long will it take to double the investment?

A) 23.10 years
B) 24.10 years
C) 24.00 years
D) 23.00 years
E) 1 year

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