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1. How long will it take for your money to double if the APY is 3.00%? A) 24 months. B) 5 months. C) 24 years.

1. How long will it take for your money to double if the APY is 3.00%?

A) 24 months.

B) 5 months.

C) 24 years.

D) 5 years.

2. How long will it take for your money to double if the annual percentage yield (APY) is 8.00%?

A) 9 months.

B) 6 months.

C) 9 years.

D) 6 years.

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