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    Contemporary Business Mathematics Study Set 1
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    Exam 10: Compound Interest - Further Topics
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    In How Many Months Will Money Double at 7
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In How Many Months Will Money Double at 7

Question 22

Question 22

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In how many months will money double at 7.45% compounded semi-annually?

Correct Answer:

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PV = 1, FV = 2, i = 0.0745 ÷ 2...

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