Time to accumulate a given sum Personal Finance Problem Manuel Rios wishes to determine how long it will take an initial deposit of

$11 comma 00011,000

to double.a. If Manuel earns

88 %

annual interest on the deposit, how long will it take for him to double his money?b. How long will it take if he earns only

55 %

annual interest? c. How long will it take if he can earn

1010 %

annual interest?d. Reviewing your findings in parts

a ,

b ,

and

c ,

indicate what relationship exists between the interest rate and the amount of time it will take Manuel to double his money.

a. If Manuel earns

88 %

annual interest, the amount of time to double his money is

nothing

years. (Round to two decimal places.)