krystynas9187 krystynas9187

15-02-2024
Business

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If interest is compounded continuously at a rate of 3% per year, what is the approximate number of years it will take for an initial deposit of $7000 to grow to $23000? Round your answer to one decimal place.
A) 5.2 years
B) 6.8 years
C) 8.4 years
D) 10.1 years

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