How long will it take $700 to double itself if it is invested at 13% interest compounded semiannually? Please round the answer to the nearest tenth.
A)5.5 years
B)8.5 years
C)6.0 years
D)4.5 years
E)6.5 years

Question

Quizplus · Accepted Answer

The Answer of How long will it take $700 to double itself if it is invested at 13% interest compounded semiannually? Please round the answer to the nearest tenth.
A)5.5 years
B)8.5 years
C)6.0 years
D)4.5 years
E)6.5 years

How Long Will It Take $700 to Double Itself If