Question: How long will it take to double what is in your bank account, if the interest rate is 5 percent and is compounded semi-annually? A.

How long will it take to double what is in your bank account, if the interest rate is 5 percent and is compounded semi-annually?

A.

14.21 years
B.

14.04 years
C.

28.10 years
D.

7.10 years

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