An Initial Investment of $9000 Grows at an Annual Interest

question 149

Multiple Choice

An initial investment of $9000 grows at an annual interest rate of 5% compounded continuously. How long will it take to double the investment?

• A)13.86 years
• B)14.86 years
• C)14.40 years
• D)13.40 years
• E)1 year

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Definitions:

Competitive Advantage

Describes a condition or circumstance that puts a company in a favorable or superior business position compared to its competitors, often due to unique resources, capabilities, or strategies.

Competitive Advantage

The unique attributes or circumstances that enable a company to outperform its competitors.

Advantages

Advantages refer to beneficial aspects or competitive edges that one person, group, product, or service has over comparable ones.

Areas of Competition

Pertains to the specific sectors or markets where businesses vie for dominance or market share.