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Answer to Question #233733 in Civil and Environmental Engineering for Alan Enrico V Tuib

Question #233733
How long will it take an investment to double at 4% per year compounding annually?
1
Expert's answer
2021-09-07T23:52:21-0400

It will take 72 / 4 = 18 quarters or 4.5 years to double the principal. 


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