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Your friend, Mr . Wasim Akram has received Rs . 5 million by selling a portfolio of stocks that he had held for the last

Your friend, Mr. Wasim Akram has received Rs.5 million by selling a
portfolio of stocks that he had held for the last 10 years. He wants to double
this fund by investing in a Fixed Deposit in Hexagon Bank. If Hexagon Bank is
offering an interest rate of 6.50% p.a. with quarterly compounding, what is the
approximate time required for Wasim to double his fund?

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