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Kant Miss Company is promising its investors that it will double their money every 4 years. What annual rate is Kant Miss promising? Is this
Kant Miss Company is promising its investors that it will double their money every
4
years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest
$450
now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach
$28,000?
Using the time value of money equation, what annual rate is Kant Miss promising?
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