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  3. suppose you invest $1,000 in an account paying 7%

Suppose you invest $1,000 in an account paying 7% compounded annually. Assuming no other deposits...

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Basic Math

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Suppose you invest $1,000 in an account paying 7% compounded annually. Assuming no other deposits or withdrawals, how many years would it take for the amount in the account to double to $2,000? Round to the nearest 10th

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