It is anticipated that a bank stock that Katie Vales has invested $15,000 in will achieve an
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It is anticipated that a bank stock that Katie Vales has invested $15,000 in will achieve an annual interest rate of 6%. Determine the doubling time for this investment using the doubling-time formula. How does this compare with the estimate given by the rule of 72?
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To determine the doubling time for an investment with a given annual interest rate you can use the d...View the full answer
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Related Book For 
Calculus With Applications
ISBN: 9780321831101
10th Edition
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
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