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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 continues,

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 lon will it take for the firm's net income to double? Multiple Choice 7.5 years 10 47 years 14. 21 year

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