Question 21 How long would it take R20000 invested today at a simple interest rate of 9% p.a. to reach an investment goal of R30000. A Approximately 5.6 years B Approximately 6.1 years C Approximately 4.7 years D Approximately 5.1 years Question 22 How long would it take R20 000 invested today at a nominal annual continuously compounding (NACC) interest rate of 9% p.a. to reach an investment goal of R30 000. A Approximately 5.6 years B Approximately 4.7 years C Approximately 5.1 years D Approximately 4.3 years

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Q: 5) Approximately how long would it take to double an investment earning 4.95% nominal interest…

A: See the attachment

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