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Mathematics

Answered

Sarah invests $2,050 paying 6.75% compunded
continuously. How long will it taks Sarah's
investment to double?

Answer :

LoreliGilmgo LoreliGilmgo

Answer:

If the interest per quarter is 4% (but interest is only compounded annually), then it will take (72 / 4) = 18 quarters or 4.5 years to double the principal.

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