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Suppose a $3500 investment earns 5.8% compounded annually for 7 years. Under which scenario does the amount double? The principal is doubled. c. The time

Suppose a $3500 investment earns 5.8% compounded annually for 7 years. Under which scenario does the

amount double?

The principal is doubled. c. The time is doubled. b. The interest rate is doubled.

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