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Assuming annual compounding, find how long it would take for the general level of prices to double at the following annual inflation rates. a. 3%

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Assuming annual compounding, find how long it would take for the general level of prices to double at the following annual inflation rates. a. 3% b.7% c. 11% d. Check your answers using the Rule of 70 or the Rule of 72, whichever applies

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