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Bess [88]
3 years ago
10

How many years would it take an amount of money to double if it is invested at a rate of 8% compounded continuously

Business
1 answer:
trapecia [35]3 years ago
5 0

Answer:nine years

Explanation:The result is the number of years, approximately, it'll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

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