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Approximately how long would it take $500,000 to double to one million dollars if it were invested at 6%, compounded annually?

Approximately how long would it take $500,000 to double to one million dollars if it were invested at 6%, compounded annually?
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Approximately how long would it take $500,000 to double to one million dollars if it were invested at 6%, compounded annually?

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User Lavi Avigdor
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8.6k points

1 Answer

1 vote
It will be 5 cause 500000 of 6% is 5
answered
User Jyina
by
8.1k points
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