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4.At what interest rate would you need to invest to have your money double in 10 years if it is compounded annually? 4. At what
4.At what interest rate would you need to invest to have your money double in 10 years if it is compounded annually?
4. At what interest rate would you need to invest to have your money double in 10 years if it is compounded annually? PV FV NPER RATE -$2,000 $4,000 10 86% -- Use the RATE function in Excel. PV should be negative, FV should be positive. PMT shoul uld be positive. PMT should be blankStep by Step Solution
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