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1. At 6.6 percent interest, how long does it take to double your money? 2. An investor purchasing a British consol is entitled to receive

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1. At 6.6 percent interest, how long does it take to double your money? 2. An investor purchasing a British consol is entitled to receive annual payments from the British government forever. What is the price of a consol that pays $200 annually if the next payment occurs one year from today? The market rate is 5.1 percent. 3. Find the EAR in each of the following cases

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