Suppose your aunt invests $2,000 for you. You are not allowed to have the money until the

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Suppose your aunt invests $2,000 for you. You are not allowed to have the money until the original amount doubles. Your aunt’s investment earns 10 percent, compounded annually. Give a rough estimate of how long it will take before you can access the money your aunt invested for you.

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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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