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I have $250000 in a savings account earning a general interest rate of 2% How long will it take for this money to double in nominal value

 I have $250,000 in a savings account, earning a general interest rate of 2%. How long will it take for this money to double in nominal value? Solve using the Rule of 70 approximation a. About 35 years b. About 50 years c. About 70 years d. About 140 years

Feb 08 2020 View more View Less

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