Question: Mu strame c mo resolverFuture value You have $ 1 , 0 0 0 to invest. If you can earn 1 6 % interest ,

Mustrame cmo resolverFuture valueYou have $1,000 to invest. If you can earn 16%interest, about how long does it take for your $1 comma 000 investment to grow to $2,000? Suppose the interest rate is just half that, at 8%. At half the interest rate, does it take exactly twice as long to double your money? Why or why not? How long does it take?
If the annual interest rate is 16%, the number of years it takes to double your money is

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