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If You Wanted to Double Your Money in the Same

Question 9

Multiple Choice

If you wanted to double your money in the same time as in the answer to the previous question, but were using monthly compounding, what would be the rate of interest you would require?


A) 6.0010%
B) 6.0068%
C) 6.0163%
D) 6.0224%

Correct Answer:

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