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23) At a growth (interest) rate of 6 percent annually, how long will it take for a sum to double? To triple? UseAppendix Afor an

23)

At a growth (interest) rate of 6 percent annually, how long will it take for a sum to double? To triple? UseAppendix Afor an approximate answer, but calculate your final answer using the formula and financial calculator methods.(Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Time needed to double years
Time needed to triple years

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