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If $9,000 Is Invested at an Annual Rate of 11

Question 30

Multiple Choice

If $9,000 is invested at an annual rate of 11% per year compounded monthly, the future value S at any time t (in months) is given by If $9,000 is invested at an annual rate of 11% per year compounded monthly, the future value S at any time t (in months) is given by . How long does it take for the investment to double? Round your answer to one decimal place. ​ A) 91.2 months B) 14.8 months C) 76.0 months D) 92.2 months E) 68.7 months . How long does it take for the investment to double? Round your answer to one decimal place. ​


A) 91.2 months
B) 14.8 months
C) 76.0 months
D) 92.2 months
E) 68.7 months

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