Problem Statement: CE Board May 1995
How long (in years) will it take money to quadruple if it earns 7% compounded semi-annually?
- A. 20.15
- B. 26.30
- C. 33.15
- D. 40.30
The money will be quadruple in 20.15 years if it earns 7% compounded semi-annually.
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