How Long Will It Take an Investment to Double in Value

question 61

Multiple Choice

How long will it take an investment to double in value if it earns 6% compounded quarterly? Include accrued interest and round the answer to the nearest month

• A) 11 years 11 months
• B) 11 years 9 months
• C) 11 years 8 months
• D) 3 years 11 months
• E) 3 years 10 months

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Definitions:

Symphysis

A joint in which the bones are connected by fibrocartilage, allowing for limited movement, such as the pubic symphysis.

Sacroiliac Joint

A joint located between the sacrum and the ilium bones of the pelvis, which acts as a shock absorber and plays a key role in walking and movement.

Temporomandibular Joint

The joint connecting the lower jaw (mandible) to the temporal bone of the skull, allowing for the movement of the jaw.

Intervertebral Joint

A joint located between adjacent vertebrae in the spine, facilitating movement and providing support.