Alice Springs Investors Recently Advertised the Following Claim: Invest Your

Multiple Choice

Alice Springs Investors recently advertised the following claim: Invest your money with us at 21%, compounded annually, and we guarantee to double your money sooner than you imagine.Ignoring taxes, how long would it take to double your money at a nominal rate of 21%, compounded annually?

A) 3.3 years
B) 3.6 years
C) 9.5 years
D) 4.8 years