Question: Time for a lump sum to double How long will it take $100 to double if it earns the following rates? Compounding occurs once a

Time for a lump sum to double How long will it

Time for a lump sum to double How long will it take $100 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. 14%. year(s) C. 17%. year(s) d. 100% year(s)

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