The Value of an Investment Doubles Every 32 Months

question 315

Multiple Choice

The value of an investment doubles every 32 months. If the investment starts with $3700 how much money is in the investment after 3 months (rounded to the nearest hundredth) ?

• A) $3700.00
• B) $3781.02
• C) $7400.00
• D) $3948.42
• E) $4661.71

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Definitions:

American Medical Association

A professional group representing the interests of physicians and healthcare professionals in the United States, advocating for public health and the advancement of the medical profession.

American Hospital Association

A national organization that provides education, advocates on behalf of its members, and creates guidelines to support hospital and healthcare administration.

American Society of Clinical Pathologists

A professional association aimed at providing excellence in pathology and laboratory medicine through certification, education, and advocacy.

American Pharmacists Association

A professional organization that represents pharmacists across the United States, advocating for the profession and patient care.