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5.3 Time for a Lump Sum to Double How long will it take $1,000 to double if it earns the following rates? Interest is calculated

5.3 Time for a Lump Sum to Double How long will it take $1,000 to double if it earns the following rates? Interest is calculated and paid once a year. (Draw a timeline to visualize the problem) a. 7% b. 18%

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