Question: 13. Problem 5.13 (Time for a Lump Sum to Double) eBook How long will it take $500 to double if it earns the following rates?

13. Problem 5.13 (Time for a Lump Sum to Double) eBook How long will it take $500 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places. a. 3%. year(s) b. 14% year(s) c. 18% year(s) d. 100% year(s)

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