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For an Investment to Double in Value During a 10-Year

Question 34

Short Answer

For an investment to double in value during a 10-year period.
a) What annually compounded rate of return must it earn?
b) What semiannually compounded rate of return must it earn?
c) What monthly compounded rate of return must it earn?

Correct Answer:

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a) 7.18% compounded ...

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