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  • 30-05-2024
  • Mathematics
Answered

Solve the problem. Find out how long it takes a $2800 investment to double if it is invested at 9% compounded quarterly. Round to the nearest tenth of a year. Use the formula Int A-P1+
1) 7.6 years
2) 8.2 years
3) 7.8 years
4) 8 years

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