Question: How long will it take $100 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal

How long will it take $100 to double if it earns the following rates? Compounding occurs once a year. Round your answers to two decimal places a. 49 year(s) 6.9% years) 4, 18% Yearts) d. 10090 years) What is the present value of a $300 perpetuity if the interest rate 107 tr interest rates doubled to 20%, what would its present value be? Round your answers to the nearest cent. Present value at 10$ Present value at 20%

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