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4. How many years will it take $10,000.00 to turn into $40,000.00 at a rate of 3.6% per year (annual compounding)? Use the rule of
4. How many years will it take $10,000.00 to turn into $40,000.00 at a rate of 3.6% per year (annual compounding)? Use the rule of 72 to approximate, then confirm that you are close using the appropriate algebraic or Excel finance function
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