SOLUTION: At what interest rate (to the nearest hundredth of a percent) compounded annually will money in savings double in five years?
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Question 540535: At what interest rate (to the nearest hundredth of a percent) compounded annually will money in savings double in five years?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
1+r =~ 1.148698
r =~ 14.87%
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