Question: 4. Problem 5.04 (Time for a Lump Sum to Double) eBook If you deposit money today in an account that pays 13.5% annual interest, how

 4. Problem 5.04 (Time for a Lump Sum to Double) eBookIf you deposit money today in an account that pays 13.5% annual

4. Problem 5.04 (Time for a Lump Sum to Double) eBook If you deposit money today in an account that pays 13.5% annual interest, how long will it take to double your money? Round your answer to two decimal places. years 5. Problem 5.05 (Time to Reach a Financial Goal) eBook You have $39,346.68 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $260,000. You expect to earn 13% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. years

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