If you can earn 5.25% per year on your investments, how long will it take to double your money?

A) 6.31 years
B) 19.05 years
C) 13.55 years
D) There is not enough information to answer this question.

Answer: C
Explanation: C) n = = = 13.55 years
MODE = END
INPUT ? 5.25 -1 0 2
KEY N I/Y PV PMT FV
CPT 13.55

Business

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