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You will male one time deposit today 5000$.You will earn 8% every year,compounded manually. 1) It takes you 5 years to double your investment.If you

You will male one time deposit today 5000$.You will earn 8% every year,compounded manually.

1) It takes you 5 years to double your investment.If you use Rule of 70,what is your annual rate?

2) Investment earns 20% a year.According Rule of 70,how long it will take for your investment to double?

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