please help and show your work :) Find out how long it takes a $2,700 investment to double if it is invested at 9% compounded semiannually. Round to the nearest tenth of a year. Use the formula A=1It will take years for the investment to double.

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Answered: Find out how long it takes a $2,700…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section7.7: Writing Exponential Functions

Problem 31HP

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Find out how long it takes a $2,700 investment to double if it is invested at 9% compounded semiannually. Round to the nearest tenth of a year. Use the formula A-P =P(₁+)" It will take years for the investment to double.