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Test: Finite Mathematics
1. | Money is deposited in a bank account at 7% interest per year, compounded bimonthly. If no money is deposited into or withdrawn from the account, then how long will it take for the money to double? |
9 years 10 months
9 years 8 months
10 years 0 months
9 years 6 months
10 years 2 months
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