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9 August, 09:44

The value of an investment is expected to grow by 14% per year.

How long will it take for the value to double?

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  1. 9 August, 10:32
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    2p=p (1+0.14) ^t

    2=1.14^t

    t=log (2) / log (1.14) = 5.29 years
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