Question: Use the model A = Perto problem. Pert or A= P(1+1) nt to solve the following $45,000 is invested at 3.1% compounded monthly. How

Use the model A = Perto problem. Pert or A= P(1+1) nt

Use the model A = Perto problem. Pert or A= P(1+1) nt to solve the following $45,000 is invested at 3.1% compounded monthly. How long will it take for the investment to double? Round to the nearest tenth of a year.

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