Mathematics for FinanceMTP Dec 23Question 1404 of 422
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How long will it take for a principal to double if money is worth $12\%$ compounded monthly?

Options

A$4.25$ years
B$5.81$ years
C$6.93$ years
DNone of these
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Correct Answer

Option b$5.81$ years

All Options:

  • A$4.25$ years
  • B$5.81$ years
  • C$6.93$ years
  • DNone of these

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