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    smith4938's Avatar
    smith4938 Posts: 1, Reputation: 1
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    #1

    Feb 28, 2007, 07:55 AM
    How long to double your money?
    If you deposit money today into an account that pays 6.5 percent interest, how long will it take for you to double your money?
    Capuchin's Avatar
    Capuchin Posts: 5,255, Reputation: 656
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    #2

    Feb 28, 2007, 08:10 AM
    Set up equation:



    where c is constant
    and n is the number of whatever time your 6.5 percent is over (probably years)

    solve for n to get your answer.

    Let me know if you need further help :)
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