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Time for a lump sum to double How long will it take $200 to double if it earns the following rates? Compounding occurs once a
Time for a lump sum to double How long will it take $200 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places. a. 8%. year(s) b. 14%. year(s) c. 17%. year(s) d. 100%. year(s)
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