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A firm s net income last year was $1.5 million. Its net income grew 5 percent during the last 5 years. If that growth rate

A firm s net income last year was $1.5 million. Its net income grew 5 percent during the last 5 years. If that growth rate continues, how long will it take for the firm's net income to double? 7.6 years 10.47 years 14.21 years 14.55 years

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