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16. Choose the best answer Determine the interest rate required for an amount to double in five years if the interest is compounded annually. Possible

16. Choose the best answer

Determine the interest rate required for an amount to double in five years if the interest is compounded annually.

Possible Answers:

i = 16.97%

i = 15.97%

i = 13.97%

i = 14.87%

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