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QUESTION
Your neighbor is asking you to invest in a venture that will double your money in 7 years. Compute the annual rate of return that he is promising to
Your neighbor is asking you to invest in a venture that will double your money in 7 years. Compute the annual rate of return that he is promising to you? Please, help me solve this and show all steps! Thanks.
PVNPMTFVI/YR (100)7020010.41%