You deposit $20,000 in an account that doubles in seven years. How many years will it take the account to be reduced to its original value if it loses 12 percent per year?
A) 4.92 years
B) 5.42 years
C) 6.62 years
D) 8.22 years

Question

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The Answer of You deposit $20,000 in an account that doubles in seven years. How many years will it take the account to be reduced to its original value if it loses 12 percent per year?
A) 4.92 years
B) 5.42 years
C) 6.62 years
D) 8.22 years

You Deposit $20,000 in an Account That Doubles in Seven