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How many years are required for money to double... Can you please only find the shortest time in years, allowing any number of compounding periods?
How many years are required for money to double...
Can you please only find the shortest time in years, allowing any number of compounding periods?
The answer is 4.95 years
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17.7How many years are required for money to double when invested at a nominal interest rate of 14% compounded semiannu- ally? Determine the shortest time in years, allowing any number of compounding periodsStep by Step Solution
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