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How long will take to double if invested at annual interest

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Reference no: EM132544003

Question 1: You have $10,000 to invest. Assuming annual compounding, how long will it take for the $10,000 to double if it is invested at an annual interest rate of 14 percent?

Question 2: If you deposit $5000 in a saving account and you expect to have $20,000 after 5 years, what is the required return?

Reference no: EM132544003

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