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QUESTION 16 You want to invest an amount of money today and receive back twice (double) that amount in the future. You expect to earn

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QUESTION 16 You want to invest an amount of money today and receive back twice (double) that amount in the future. You expect to earn 8.70% annual interest with monthly compounding. Approximately how many years must you wait for your investment to double in value? 0 7 years O 8 years O not enough information to calculate O 6 years 9 years

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