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Assume that today is your 32thbirthday and you just deposit your grandmother birthday check in your bank. Consider that your bank offers you a constant annual effective interest rate of 7,34% on its deposits. How old will you be when the initial deposit doubles its value (i.e., if you deposit initially €2 how old will you be when the value in your bank account reaches €4)?
Note: if the answer is 16.2 or 16.7 you should just report 16.
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