How Long Will It Take for $400 to Double If

question 219

Short Answer

How long will it take for $400 to double if it is invested at 5% annual interest compounded 12 times a year? Round your answer to one decimal place. __________ years

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Definitions:

Fugue State

A rare psychological state in which a person loses awareness of their identity or other important autobiographical information and often engages in unexpected travel or wandering.

Dissociative Identity Disorder

A severe form of dissociation characterized by the presence of two or more distinct identity or personality states that control an individual’s behavior in different circumstances.

Depersonalization/Derealization Disorder

Syndrome marked by frequent episodes of feeling detached from one’s own body and mental processes, as if one were an outside observer of oneself; symptoms must cause significant distress or interference with one’s ability to function.

Distressing Episodes

Episodes or periods characterized by intense emotional discomfort or pain, which can impact an individual's psychological well-being.