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1. How long it will take for a sum of money to quardruple at 10% compounded annually? 2. $20,000 is invested in an investment fund

1. How long it will take for a sum of money to quardruple at 10% compounded annually?

2. $20,000 is invested in an investment fund that pays 6% compounded annually for 10 years. a. Find the compound amount. b. Find the interest earned.

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