You Deposit $10,000 in an Account That Doubles in "6

question 78

Multiple Choice

You deposit $10,000 in an account that doubles in "6" years. How many years will it take the account to be reduced to its original value if it loses 10 percent per year?

• A) 6.00 years
• B) 6.58 years
• C) 7.27 years
• D) 10.00 years

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