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(Discount Rate and Number of Time Periods) Q1- Suppose you are offered an investment that will...

(Discount Rate and Number of Time Periods)

Q1- Suppose you are offered an investment that will allow you to double your money in 6 years. You have $10,000 to invest. What is the implied rate of interest?

Q2- You have $10,000 to invest. How long will it take to double this $10,000 in value if it earns 5% annually? How long does it take if you use the rule of 72?

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