At What Annually Compounded Interest Rate Will an Investment of $71,294.69

question 55

Multiple Choice

At what annually compounded interest rate will an investment of $71,294.69 double in 90 months?

• A) 6.97%
• B) 7.23%
• C) 9.68%
• D) 9.28%
• E) 10.55%

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