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How long will it take an investment of $2000 to double if the investment earns interest at the rate of 9%/year compounded monthly
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How long will it take an investment of $2000 to double if the investment earns interest at the rate of 9%/year compounded monthly

User Alex Hill
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1 Answer

5 votes

Answer:

5 months

Step-by-step explanation:

when it comes to compound interest rate. The investment rises quickly because it doubles

User Ahmad Dehnavi
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