At 10.2 percent interest, it would take ______ years to double your money. (Round your answer...

At 10.2 percent interest, it would take ______ years to double your money. (Round your answer to 2 decimal places. (e.g., 32.16))

Your Answer:

Expert Solution

t = ln(FV / PV) / ln(1 + r)

t = ln($2 / $1) / ln 1.102

t = 7.14 years

jeff jeffy answered 2 years ago

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