How long will it take money to double itself if invested at 10% compounded annually? O a. 7.72 YEARS O b. 8.72 YEARS O c. 7.27 YEARS O d. 8.27 YEARS
How long will it take money to double itself if invested at 10% compounded annually? O a. 7.72 YEARS O b. 8.72 YEARS O c. 7.27 YEARS O d. 8.27 YEARS
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:How long will it take money to double itself if invested at 10% compounded annually?
O a. 7.72 YEARS
O b. 8.72 YEARS
O c. 7.27 YEARS
O d. 8.27 YEARS
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