Solved: What interest rate you need to invest to have money double, Finance Basics

What interest rate you need to invest to have money double

Problem:

Interest rate is critical to the speed at which your investment grows. If $1 is invested at 2%, it takes approximately 34.9 years to double. If $1 is invested at 5%, it takes approximately 14.2 years to double. How many years does it take $1 to double if invested at 10% and 12%? At what interest rate would you need to invest to have your money double in 10 years?

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Finance Basics: What interest rate you need to invest to have money double

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