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How long will it take to double what is in your bank account, if the interest rate is 5 percent and is compounded semi-annually? A.
How long will it take to double what is in your bank account, if the interest rate is 5 percent and is compounded semi-annually?
A. | 14.21 years | |
B. | 14.04 years | |
C. | 28.10 years | |
D. | 7.10 years |
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