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Question is How many years and months will it take $2million to grow to $5million with an annual interest rate of 7 percent ? the
Question is How many years and months will it take $2million to grow to $5million with an annual interest rate of 7 percent ? the answer is 13.54 = 13 years , 6.5 months.
I need help understanding how .54 = 6.5 months ...another example is 15.2175 thats 15 years but how do i get the months calculated.
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