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Bob has $2,500 invested in a bank that pays 6.6% annually. How long will it take for his funds to double? (Can this be done
Bob has $2,500 invested in a bank that pays 6.6% annually. How long will it take for his funds to double? (Can this be done on a financial calculator? If so, can you show how? Thanks.)
a.12.80 years
b.11.17 years
c.9.44 years
d.10.85 years
e.12.04 years
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