Double your wealth. Kant Miss Company is promising its investors that it will double their...
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Double your wealth. Kant Miss Company is promising its investors that it will double their money every 5 years. What annual rate is Kant Miss promising? Is this investment a good deal? If you invest $300 now and Kant Miss is able to deliver on its promise, how long will it take your investment to reach $28,000 ? Using the Rule of 72 , what annual rate is Kant Miss promising? % (Round to the nearest whole percentage.)
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