How long will it take to double your money


You invest $200 into a mutual fund today that pays 5.0 percent interest. How long will it take to double your money? (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to two decimal places, e.g. 5.45) Number of years.

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Accounting Basics: How long will it take to double your money
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