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If an investor intends to double $25,000 by investing in a bank that pays 7% interest per year, determine the time it would take to
If an investor intends to double $25,000 by investing in a bank that pays 7% interest per year, determine the time it would take to double the investment.
(please show what formula to use, procedure) thanks!
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
