At what rate of interest compounded annually will an investment double in five years? Find the answers

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At what rate of interest compounded annually will an investment double in five years? Find the answers by using (1) the exact formula and (2) the Rule of 72.

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Nov 12, 2018 10:37 AM

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At what rate of interest compounded annually will an investment double in five years? Find the answers

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Fundamentals of Engineering Economics

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