Question: 5. 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?

5. 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. year(s) b. 109 year(s) C. 1796 Year(s) d. 100% year(s)

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