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Anwar Invested $2500 at 4% Compounded Semiannually

Question 52

Multiple Choice

Anwar invested $2500 at 4% compounded semiannually. In how many years will Anwar's investment have tripled? Round your answer to the nearest tenth of a year.


A) 3.5 years
B) 4.2 years
C) 27.5 years
D) 27.7 years

Correct Answer:

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