Mathematics, 17.05.2021 22:50 help26852

A person invests $7000 in an account at 5% interest compounded annually. When will the value of the investment be doubled? Explain why it will take less than 20 years, even though the rate is 5%
For the value of the investment to be doubled it will take about ten years
(Round to two decimal places as needed.)

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A person invests $7000 in an account at 5% interest compounded annually. When will the value of the...

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