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Bob has $2,500 invested in a bank that pays 4% annually. How long will it take for his funds to double? (Hint: Be careful about
Bob has $2,500 invested in a bank that pays 4% annually. How long will it take for his funds to double? (Hint: Be careful about the sign of cash flows because this problem is to solve for the number of periods.) a. 14.39 b. 15.15 c. 15.95 d. 16.79 e. 17.67
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