If $120 doubles in approximately 13 years, what is the interest rate?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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2. Select one of the following questions to answer:

  • If $120 doubles in approximately 13 years, what is the interest rate?
  • If $120 doubles in approximately 19 years, what is the interest rate?
  • If $120 doubles in approximately 23 years, what is the interest rate?
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