Solve the problem.The number of periods needed to double an investment when a lump sum is invested at 10%, compounded semiannually, is given by n = log1.05 2. Find the number of years before the investment doubles in value, to the nearest tenth of a year.
A. 3.6 years
B. 7.1 years
C. 14.2 years
D. 28.4 years
Answer: B
Mathematics
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A. 
B. 
C. 
D. 
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What will be an ideal response?
Mathematics