Kant Miss Company is promising its investors that it will double their money every

6

years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest

$200

now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach

$32,000?

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Part 1

Using the Rule of 72, what annual rate is Kant Miss promising?

enter your response here%

(Round to the nearest whole percentage.)