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Jamel Ayan put $ 1 , 0 0 0 into a mutual fund yielding an 1 8 % annual rate of return. Using the Rule
Jamel Ayan put $ into a mutual fund yielding an annual rate
of return. Using the Rule of calculate approximately how long it will
take for the investment to double in value. Which of the following is the correct answer.
Four years
Five years
Three years and seven months
Three years, four months
Four years and four months
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