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If a company’s sales are growing at a rate of 10% annually, how long will it...

  1. If a company’s sales are growing at a rate of 10% annually, how long will it take sales to double?.
  2. What is the present value of a 6-year, $100 ordinary annuity if the annual interest rate is 4%?
  3. What is the EAR corresponding to a nominal rate of 8% compounded semiannually? Compounded quarterly? Compounded daily?

show work please.

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