Question: 1) We sometimes need to find how long it will take a sum of money (or anything else) to grow to some specified amount. For

1) We sometimes need to find how long it will take a sum of money (or anything else) to grow to some specified amount. For example, if a company's sales are growing at a rate of 6 percent per year, how long will it take sales to double?

2) What is the future value of $100 after 3 years under 10 percent monthly compounding?

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