Question: 11. Assuming annual compounding, nd how long it would take for the general level of prices to double at the following annual ination rates. a.

 11. Assuming annual compounding, nd how long it would take for

11. Assuming annual compounding, nd how long it would take for the general level of prices to double at the following annual ination rates. a. 2% b. 6% c. 10% d. Check your answers using the Rule of 70 or the Rule of 72, whichever applies. a. It will take approximately |:| years. (Round to one decimal place as needed.) b. it will take approximately years. (Round to one decimal place as needed.) c. It will take approximately years. (Round to one decimal place as needed.) d. Use the Rule of 70 or the Rule of 72, whichever applies, to check your answer to a. it will take approximately I: years. (Round to one decimal place as needed.) Use the Rule of 70 or the Rule of 72. whichever applies, to check your answer to b. ll will take approximately \\: years. (Round to one decimal place as needed.) Use the Rule of 70 or the Rule of 72, whichever applies, to check your answer to c. it will take approximately : years. (Round to one decimal place as needed.)

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