How long will it take for a sum to double and to triple

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Reference no: EM131491929

At a growth (interest) rate of 16 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Time needed to double in years?

Time needed to triple in years?

Reference no: EM131491929

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