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At a growth (interest) rate of 7 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for

At a growth (interest) rate of 7 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Time needed to double years
Time needed to triple years

+

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