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You are trying to calculate how long it will take $ 8 0 0 0 invested at 8 % p . a . compounded monthly
You are trying to calculate how long it will take $ invested at pa compounded monthly to double. Applying the tools that you have learned in this class you initially find n the number of periodic periods This answer No will initially be in terms of
a
years
b
months
c
halfyears
d
quarters
e
days
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