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An advertisement in the financial section of a magazine said the following: Invest your money with us at 8 percent compounded annually, and we guarantee

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An advertisement in the financial section of a magazine said the following: "Invest your money with us at 8 percent compounded annually, and we guarantee to double your money sooner than you imagine" How many years would it take to double an investment of $100 at a simple rate of 8 percent, compounded annually

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