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a. How long will it take to double your money at a nominal interest rate of 10% compounded a) daily, b) continuously, c) quarterly, d)

a.

How long will it take to double your money at a nominal interest rate of 10% compounded a) daily, b) continuously, c) quarterly, d) semiannually? (Round up "days" to the nearest whole number. Leave no cells blank - be certain to enter "0" wherever required.)

a) n = years months days
b) n = years months days
c) n = years months days
d) n = years months days

b. Calculate both the exact answers and the answers using the Rule of 70 for a), c), and d). (Do not round intermediate calculations.)

a) days years
c) quarters years
d) half years years

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