What rate of interest compounded annually is required to double an investment in 21 years?

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Answer

1178627

2026-07-12 19:30

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(2)1/21 = 1.03356 (rounded)

That's an annual interest of 3.356 percent.

Let's try it:

(1.03356)21 = 2.00009 on my calculator, which is pretty close.

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