Future valueYou have

$1 comma 0001,000

to invest. If you can earn

1010%

interest, about how long does it take for your

$1 comma 0001,000

investment to grow to

$2 comma 0002,000?

Suppose the interest rate is just half that, at

55%.

At half the interestrate, does it take exactly twice as long to double your money? Why or why not? How long does it take?

If the annual interest rate is

1010%,

the number of years it takes to double your money is

nothing

years.(Round to two decimal places.)