Question: TIME FOR A LUMP SUM TO DOUBLE How long will it take $300 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 $300 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places a. 3%. year(s) b. 12%. year(s) C. 1696. year(s) d. 100%. year(s)

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