Solve the problem.The number of periods needed to double an investment when a lump sum is invested at 2%, compounded semiannually, is given by n =
. Find the number of years before the investment doubles in value, to the nearest tenth of a year.
A. 34.8 yr
B. 139.3 yr
C. 69.7 yr
D. 17.4 yr
Answer: A
Mathematics
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