How Long Will It Take an Investment to Double in Value

question 61

Multiple Choice

How long will it take an investment to double in value if it earns 6% compounded quarterly? Include accrued interest and round the answer to the nearest month

• A) 11 years 11 months
• B) 11 years 9 months
• C) 11 years 8 months
• D) 3 years 11 months
• E) 3 years 10 months

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Definitions:

Peyote

A small cactus, known for its psychoactive properties, traditionally used in Native American rituals.

Native American Church

A religious organization that integrates Native American beliefs and practices with Christian elements, notably known for its use of peyote in ceremonies.

Circadian Rhythms

Within each 24-hour period, the regular fluctuation from high to low points of certain bodily functions and behaviors.

Body Temperature

The measure of the body's ability to generate and get rid of heat, essential for the proper functioning of the body.