A recent advertisement in the financial section of a magazine carried the following claim:Invest your money with

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A recent advertisement in the financial section of a magazine carried the following claim:"Invest your money with us at 16 percent, compounded semiannually, and we guarantee to double your money sooner than you imagine." How long would it take to double your money at 16 percent with semiannual compounding?

Posted Date: Jun 06, 2024 04:06 AM

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A recent advertisement in the financial section of a magazine carried the following claim:Invest your money with

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