What interest rate did earn over the time period

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Problem 1: Suppose you placed money in an investment account 5 years ago and you now have twice that amount in the account. What interest rate did you earn over this time period that doubled your investment in 5 years? (Use a decimal rather than a percentage - for instance, if your answer is 10.5% enter in 0.105).

Reference no: EM133003737

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