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Suppose you plan to invest $ 1 , 2 0 0 today at an interest rate of 1 0 % . How long will it

Suppose you plan to invest $

1, 200

today at an interest rate of

10 % .

How long will it take to get $

1, 500

from the investment?

How long would it take $

1, 000

to double if it were invested in a bank that pays

6 %

per year? How long would it take if the rate were

10 % ?

How long would it take some money to triple if it were invested in a bank that pays

6 %

per year? How long would it take if the rate were

10 % ?

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