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If money is worth 12% per annum compounded monthly, how long will it take the principal P to double? [1] 6,12 years [2] 7,27 years

If money is worth 12% per annum compounded monthly, how long will it take the principal P to double?

[1] 6,12 years

[2] 7,27 years

[3] 8,33 years

[4] 69,66 years

[5] None of the above.

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