An Initial Investment of $6000 Grows at an Annual Interest

question 143

Multiple Choice

An initial investment of $6000 grows at an annual interest rate of 7% compounded continuously. How long will it take to double the investment?

• A)9.90 years
• B)1 year
• C)10.29 years
• D)10.90 years
• E)9.29 years

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