Question: Calculate the time needed, in years, that will allow you to double your investment knowing that the effective annual rate offered by your bank is

Calculate the time needed, in years, that will allow you to double your investment knowing that the effective annual rate offered by your bank is 6%. (5 Points)

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Calculate the time needed, in years, that will allow you to double your investment knowing that the effective annual rate offered by your bank is 5%.

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