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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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