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If u invest 1,000 an annual rate of 7% it will take about blank years for ur investment to double

User Shasak
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1 Answer

1 vote

Answer:

It will take about 10.24 years for your investment to double.

Explanation:

This can be calculated using the rule of 72, where you divide 72 by the annual interest rate (in this case, 7%). The result is the approximate number of years it takes for an investment to double. In this case, 72 divided by 7 equals approximately 10.24 years.

User AndrewCox
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