Answered: At 8 percent interest, how long would…

At 8 percent interest, how long would it take to double your money if you have $6,000 today? Group of answer choices 9.01 years 12.33 years 10.10 years

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 9EA: If you invest $12,000 today, how much will you have in (for further Instructions on future value in...

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At 8 percent interest, how long would it take to double your money if you have $6,000 today?

Group of answer choices

9.01 years

12.33 years

10.10 years

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