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3. how long will a principal double when invested at 10% compounded semi- annually?​

Sagot :

Ramkristofferdeandreviz

Answer:

7.3 years

Step-by-step explanation:

In reality, a 10% investment will take 7.3 years to double ((1.107.3 = 2). The Rule of 72 is reasonably accurate for low rates of return.

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