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If you deposit money today in an account that pays 4 % annual interest, how long will it take to double your money? ( Hint:

If you deposit money today in an account that pays

4 %

annual interest, how long will it take to

double your money?

(

Hint: you may assume any initial deposit and you will notice that the amount

deposited actually doesn

t affect the length needed to double it

.)

Inputs

N I

/

YR PV PMT FV

Output

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