How long does it take for an amount of money P to double itself if it is invested at 6% interest compounded 4 times a year?
A) It will take approximately 11.33 years.
B) It will take approximately 12.43 years.
C) It will take approximately 10.49 years.
D) It will take approximately 1.89 years.
E) It will take approximately 11.64 years.

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The Answer of How long does it take for an amount of money P to double itself if it is invested at 6% interest compounded 4 times a year?
A) It will take approximately 11.33 years.
B) It will take approximately 12.43 years.
C) It will take approximately 10.49 years.
D) It will take approximately 1.89 years.
E) It will take approximately 11.64 years.

How Long Does It Take for an Amount of Money