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How long will it take for an investment of 2000 to double given an annual interest rate of 6% compounded monthly

How long will it take for an investment of 2000 to double given an annual interest rate of 6% compounded monthly
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how long will it take for an investment of 2000 to double given an annual interest rate of 6% compounded monthly

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User Soukeyna
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1 Answer

4 votes
It will take about 16.66 months for the investment to double.
Hope this helps.
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User Alda
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