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How long does it take to double $1000 at an annual interest rate of 6.35% compounded monthly?

How long does it take to double $1000 at an annual interest rate of 6.35% compounded monthly?
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How long does it take to double $1000 at an annual interest rate of 6.35% compounded monthly?

User Jaret
by
7.4k points

1 Answer

3 votes

Answer:

63.5

Explanation:

1000× 6.35 / 100 = 63.5

User Behroz Sikander
by
7.3k points
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