If you deposit money today in an account that pays 7 1 percent annual interest, how long will it take to double your money Selected Answer a 7 10 years Answers a 7 10 years b 10 11 years c 14 08 years d 16 17 years e The answer cannot be calculated without knowing how much money is initially deposited

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If you deposit money today in an account that pays 7.1 percent annual interest, how long will it take to double your money? Selected Answer:

If you deposit money today in an account that pays 7.1 percent annual interest, how long will it take to double your money?

Selected Answer:	a. 7.10 years
Answers:	a. 7.10 years
	b. 10.11 years
	c. 14.08 years
	d. 16.17 years
	e. The answer cannot be calculated without knowing how much money is initially deposited.

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