Question: Answer the following. a. b. How long does it take for your money to double when invested at the rate of 3% (with annual compounding)?

Answer the following.

Answer the following. a. b. How long does it take for your

money to double when invested at the rate of 3% (with annual

How long does it take for your money to double when invested at the rate of 3% (with annual compounding)? O A. Depends on how much money you start with. O B. 25 years O C. 26 years O D. 24 years O E. 23 years

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