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California Investors recently advertised the following claim: Invest your money with us at 2 1 % , compounded annually, and we guarantee to double your

California Investors recently advertised the following claim:

Invest your money with us at

21 %,

compounded annually, and we

guarantee to double your money sooner than you imagine. Ignoring

taxes, how long would it take to double your money at a nominal

rate of

21 %,

compounded annually?

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