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For an investment to double in value during a 11-year period, a. What annually compounded rate of return must it earn? (Round your answer to

For an investment to double in value during a 11-year period,

a.What annually compounded rate of return must it earn?

(Round your answer to two decimal places.)

Annually compounded rate of return%

b.What monthly compounded rate of return must it earn?

(Round your answer to two decimal places.)

Monthly compounded rate of return

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