Solve the problem.The time t (in years) for an investment to increase by  when the interest rate is  is given by  Evaluate this expression by using the first four terms of the appropriate series expansion.

A. 2.69 years
B. 3.78 years
C. 6.82 years
D. 4.35 years


Answer: D

Mathematics

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A.

B.

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Find the future value if $3,100 is invested for 7 years at an annual rate of 9% compounded quarterly.

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