Problems 107116. The purpose of these problems is to keep the material fresh in your mind so

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Problems 107–116. The purpose of these problems is to keep the material fresh in your mind so that you are better prepared for later sections, a final exam, or subsequent courses such as calculus.

Determine the time required for an investment of $1500 to double if it earns 4% interest compounded quarterly. Round your answer to one decimal place.

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