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1. Calculating the Number of Periods At 7percent interest, how long does it take to double your money? To quadruple it?

2. Calculating the Number of Periods You're trying to save to buy a new $170,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.3 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92399902

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