Bob has $2,500 invested in a bank that pays 5 4 annually How long will it take for his funds to double a 12 92 years b 14 89 years c 13 44 years d 13 18 years e 16 34 years

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Bob has $2,500 invested in a bank that pays 5 4  annually  How long will it take for his funds to double  a  12 92 years   b  14 89 years c  13 44 years d  13 18 years e  16 34 years

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Question

Bob has $2,500 invested in a bank that pays 5.4% annually. How long will it take for his funds to double? a. 12.92 years -

Bob has $2,500 invested in a bank that pays 5.4% annually. How long will it take for his funds to double? a. 12.92 years - b. 14.89 years c. 13.44 years d. 13.18 years e. 16.34 years

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