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If you deposit money today in an account that pays 6.2 percent annual interest, how long will it take to double your money? a. 13.83

If you deposit money today in an account that pays 6.2 percent annual interest, how long will it take to double your money?

a. 13.83 years

b.6.20 years

c.16.13 years

d.11.52 years

e.The answer cannot be calculated without knowing how much money is initially deposited.

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