Question: Time for a lump sum to double How long will it take $700 to double if it earns the following rates? Compounding occurs once a

Time for a lump sum to double

How long will it take $700 to double if it earns the following rates? Compounding occurs once a year. Round each answer to two decimal places.

5%.

___ year(s)

13%.

____ year(s)

18%.

____years(s)

100%.

_____years(s)

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