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Find out how long it takes a $2900 investment to double if it is invested at 9% compounded quarterly. Round to the nearest tenth of a year.
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Dec 12, 2022
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Find out how long it takes a $2900 investment to double if it is invested at 9% compounded quarterly. Round to the nearest tenth of a year.
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votes
Answer:
7.8 years
Explanation:
Formula
we have
Which rounds to
7.8
Saquintes
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Dec 18, 2022
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Saquintes
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