Spencer French
01/02/2024 · Senior High School
Find out how long it takes a \( \$ 3,300 \) investment to double if it is invested at \( 9 \% \) compounded semiannually. Round to the nearest tenth of a year. Use the formula \( A=P\left(1+\frac{r}{n}\right)^{\text {nt }} \)
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It takes approximately 7.8 years for the investment to double.
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