Question
5. Suppose that you deposit your money in a bank that pays interest at a nominal rate of 10% per year. How long will it
5. Suppose that you deposit your money in a bank that pays interest at a nominal rate of 10% per year. How long will it take for your money to double if the interest is compounded continuously?
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
