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How long will it take to double $1,000 if invested at 11% using annual compounding? [Approximately] Question 5 options: 6.65 years 5 years 7.27 years

How long will it take to double $1,000 if invested at 11% using annual compounding? [Approximately]

Question 5 options:

6.65 years

5 years

7.27 years

8 years

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