You invest $50 at a 7 percent interest rate for 30 years. (a) Use Equation 10.1 to

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You invest $50 at a 7 percent interest rate for 30 years.

(a) Use Equation 10.1 to calculate how much you have after 30 years.

(b) How many doubling periods does the investment experience?

(c) Use Equation 10.2 to calculate how much you have after 30 years.

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