An Initial Investment of $2000 Grows at an Annual Interest

question 39

Multiple Choice

An initial investment of $2000 grows at an annual interest rate of 4% compounded continuously.How long will it take to double the investment?

• A)17.33 years
• B)18.33 years
• C)18.00 years
• D)17.00 years
• E)1 year

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Definitions:

Widespread Muscular Pain

Generalized muscle pain across many parts of the body, often related to conditions like fibromyalgia.

Diathermy

A medical and surgical technique involving the use of high-frequency electric currents to heat deep muscular tissues, reducing pain and improving circulation.

Therm

A unit of heat energy, equivalent to 100,000 British thermal units (BTUs), used mainly for heating.

Hemopoiesis

The production of all types of blood cells in the bone marrow, including red blood cells, white blood cells, and platelets.