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How many years will susan have to wait to double money

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Reference no: EM132506275

Question 1: Susan Ross wants to know how many years it will take for her to double her savings if she can invest her money and earn 9% compounded monthly. How many years will Susan have to wait to double her money?

Option A. 92.77 years

Option B. 8.04 years

Option C. 7.73 years

Option D. The answer depends on how much Susan invests

Reference no: EM132506275

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