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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