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Calculate the doubling time for an investment earning 8% interest, compounded annually. nts [Doubling time refers to how much time it will take for an

Calculate the doubling time for an investment earning 8% interest, compounded annually. nts [Doubling time refers to how much time it will take for an initial principal, Po, to grow to 2Po.] Of= In 2 1.08 1.3 Otz 2 0.08 O t = In(0.92) chedule O In 2 t = ery In(1.08 O In (1.08) t = In 2

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