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You have $1,000 today and want to double your money in 8 years. What interest rate must you earn? a. 9.00 percent b. 9.05 percent

You have $1,000 today and want to double your money in 8 years. What interest rate must you earn?

a. 9.00 percent

b. 9.05 percent

c. 9.12 percent

d. 9.25 percent

e. 9.50 percent

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