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02. How many years it takes 2000 to become 5000 when the rate is 7 percent compounded daily? 03. What is the effective rate of

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02. How many years it takes 2000 to become 5000 when the rate is 7 percent compounded daily? 03. What is the effective rate of the interest when the rate is 6 percent compounded continuously? 04. Suppose that 2000 become 70000 in 10 years. Find the annual interest rate

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