Determine the Doubling Time of the Investment

question 170

Multiple Choice

Determine the doubling time of the investment.
-$14,500 at 6% compounded monthly

• A) 17.37 years
• B) 23.16 years
• C) 9.27 years
• D) 11.58 years

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Definitions:

Output

The amount of goods or services produced by a business, industry, or economy.

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing to supply at each price level.

Total Variable Costs

The sum of all costs that vary directly with the level of production or output in the short term.

Output

The quantity of goods or services produced within a given time frame by a firm, sector, or country.