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How Long Will It Take $10,000 to Quadruple If It

Question 51

Multiple Choice

How long will it take $10,000 to quadruple if it is invested in a savings account that pays 5.5% annual interest compounded continuously? Round to the nearest year.


A) 25 years
B) 20 years
C) 19 years
D) 32 years
E) 30 years

Correct Answer:

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