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    Business Mathematics Study Set 1
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    Exam 8: Compound Interest: Future Value and Present Value
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    If an Investment Doubles in Nine Years, How Long Will
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If an Investment Doubles in Nine Years, How Long Will

Question 237

Question 237

Essay

If an investment doubles in nine years, how long will it take to quadruple (at the same rate of return)? (This problem does not require any detailed calculations.)

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18 yrs. (The investment double...

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