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2. How long will it take $400 to double if it earns the following rates? Compounding occurs once a year. a. 9% PV = I/Y

2. How long will it take $400 to double if it earns the following rates? Compounding occurs once a year.

a. 9% PV = I/Y = PMT = N = FV =

b. 15% PV = I/Y = PMT = N = FV =

c. 40% PV = I/Y = PMT = N = FV =

d. 100% PV = I/Y = PMT = N = FV =

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