Question: TIME FOR A LUMP SUM TO DOUBLE How long will it take $800 to double if it earns the following rates? Compounding occurs once a

TIME FOR A LUMP SUM TO DOUBLE How long will it take $800 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places a. 7%. year(s) b. 9%. year(s) c. 18%. year(s) d. 100% year(s)

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