With steps1. A recent advertisement in the financial section of a magazinecarrie

With steps1. A recent advertisement in the financial section of a magazinecarried the following claim: Invest your money with us at 14percent compounded annually and we guarantee to double your moneysooner than you imagine. Ignoring taxes how long would it take todouble your money at a simple rate of 14 percent compoundedannually? (Points : 1)