John invests $200 at 4.5% compounded annually. About how long will it take for Johns investment to
Question:
John invests $200 at 4.5% compounded annually. About how long will it take for John’s investment to double in value?
(A) 6 yrs
(B) 9 yrs
(C) 12 yrs
(D) 16 yrs
(E) 20 yrs
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Related Book For
Calculus Graphical, Numerical, Algebraic
ISBN: 9780132014083
3rd Edition
Authors: Ross L. Finney, Franklin D. Demana, Bert K. Waits, Daniel Kennedy
Question Posted:
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