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Please with formula and process: What is the time required to double $ 5,0000 at 4.8% interest? Which of the following calculations provides higher performance?
Please with formula and process:
What is the time required to double $ 5,0000 at 4.8% interest? Which of the following calculations provides higher performance? Basically your answer.
a) 12% per year b) 12% semi-annually c) 12% quarterly d) 12% daily
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