Question: How long does it take an account, which is compounded monthly, to double at 7% interest? (a) Use Rule of 70 to estimate it and

How long does it take an account, which is compounded monthly, to double at 7% interest? (a) Use "Rule of 70" to estimate it and then use TVM Solver to find the accurate answer (two decimal places) (b) Find the APY for this account.

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