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How Long Did It Take for $1635 to Increase to $2310

question 27

Multiple Choice

How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of 8.08% compounded quarterly (give your final answer in years and months, e.g., 3 years and 7.23 months) ?

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Definitions:

Death Rates

A measure of the number of deaths in a particular population, scaled per unit of time, typically expressed per 1,000 individuals per year.

Total Fertility Rate

The average number of children that would be born to a woman over her lifetime, based on current birth rates.

World's Population

This term refers to the total number of humans currently living on Earth.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a person, group, or society.

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