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If you presently have $7,000 invested at a rate of 8%, how many years will it take for your investment to quadruple in this case
If you presently have $7,000 invested at a rate of 8%, how many years will it take for your investment to quadruple in this case of MONTHLY compounded?
10.2 years
9.1
22.5
The number of time periods cannot be calculated
17.4
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