How long will it take for him to double his money

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Reference no: EM132018303

Manuel Rios wishes to determine how long it will take an initial deposit of $9,000 to double.

a. If Manuel earns 11 % annual interest on the deposit, how long will it take for him to double his money?

b. How long will it take if he earns only 8% annual interest ?

c. How long will it take if he can earn 13% annual interest?

Reference no: EM132018303

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