How Long Will It Take an Investment of $9,000 to Double

question 141

Multiple Choice

How long will it take an investment of $9,000 to double if the investment earns interest at the rate of 9% / year compounded monthly?

• A) 7.5 year(s)
• B) 7.8 year(s)
• C) 7.7 year(s)
• D) 8.0 year(s)

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Definitions:

Dilates

Refers to the action of something expanding or becoming wider, typically in the context of body parts such as pupils or blood vessels.

Constricts

Describes the process of becoming narrower, tightened, or to cause something to become smaller or more restricted.

Bright Sunlight

A term describing intense, direct sunlight, often associated with positive effects on mood and health but can also pose risks such as sunburn or heatstroke.

Peripheral Vision

The part of vision that occurs outside the very center of gaze, allowing humans to see objects not directly looked at.