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  3. 1a. how long would it take $1,000 to double if it

1a. How long would it take $1,000 to double if it were invested in a...

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1a. How long would it take $1,000 to double if it were invested in a bank that pays 6% per year? PMT PV FV $0 1,000 2,000 lb. How long would it take if the rate was 10%? PMT PV FV 10% $0 $1,000 2,000 2a. Microsoft's 2013 earnings per share were $2.65, and its growth rate during the prior 10 years was 10.57% per year. If that growth rate was maintained, how long would it take for Microsoft's EPS to double PMT PV FV 10.57% $0 $2.65 $5.30

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