How long will it take money to double if it is invested at 6% compounded monthly? 9%
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How long will it take money to double if it is invested at 6% compounded monthly? 9% compounded monthly? (Round up to the next-higher month if not exact.)
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To determine the time it takes for money to double we can use the formula for compound interest For ...View the full answer
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Related Book For
College Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780321945518
13th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen
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