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Youre indifferent between $1,000 today and $7,000 in 6 years. What must be the interest rate? 2. How long would it take you to double

Youre indifferent between $1,000 today and $7,000 in 6 years. What must be the interest rate?

2. How long would it take you to double your money if the interest rate is 3%?

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