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Show calculations 3.19 How many years (a whole number) will be required for a sum of money to double if the interest rate is (a)
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3.19 How many years (a whole number) will be required for a sum of money to double if the interest rate is (a) 10%, 6) 12%, (c) 13%, per year, compounded annually? Ans.(a) 8 years; (b) 7 years; (c) 6 yearsStep by Step Solution
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