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2. If you invest $500 in something that earns 6% interest annually, how long will it take for your money to double if you make
2. If you invest $500 in something that earns 6% interest annually, how long will it take for your money to double if you make no withdrawals so interest earned previously continues to earn interest? (Hint: Rule of 72 says the number of years it takes for something to double if it earns r% return/interest annually is approximately 72/r.) a. 6 b. 8 c. 9 d. 12
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Noah D. Glick, Marci S. Thomas
5th Edition
1119553849, 9781119553847
