Question: How long will you need to wait until the value of a $1,000 investment doubles, if it earning 10.5% interest per year? Group of answer

How long will you need to wait until the value of a $1,000 investment doubles, if it earning 10.5% interest per year?

Group of answer choices

7.88 years

6.94 years

5.46 years

No solution. Error.

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