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a. We sometimes need to find how long it will take a sum of money to grow to some specified amount. For example, if a
| a. We sometimes need to find how long it will take a sum of money to grow to some specified amount. For example, if a company's sales are growing at a rate of 13.25% per year, how long will it take sales to double? | ||||||||
| NPER = | ||||||||
| b. If you want an investment to double in 5 years, what annual interest rate must it earn? | ||||||||
| Rate = | ||||||||
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