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Find the term of the compound interest loan. (Round your answer to two decimal places.) 4.9% compounded quarterly to obtain $8400 from a principal of

Find the term of the compound interest loan. (Round your answer to two decimal places.)

4.9% compounded quarterly to obtain $8400 from a principal of $2000.

___ Yrs?

Use the "rule of 72" to estimate the doubling time (in years) for the interest rate, and then calculate it exactly. (Round your answers to two decimal places.)

3% compounded annually.

Rule of 72 ___ yrs?

Exact Answer ____ yrs?

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