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Question 3 You are currently investing your money in a bank account that has a nominal annual rate of 4 . 3 percent, compounded monthly.

Question

3

You are currently investing your money in a bank account that has

a nominal annual rate of

4.3

percent, compounded monthly. How

many years will it take for you to double your money? Please keep

two decimal places and make sure you round up

/

down correctly to

two decimal places.

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