Question
6. How long will it take for $1 to double in value (disregarding any change in the buying power of the dollar) if: a) The
6. How long will it take for $1 to double in value (disregarding any change in the buying power of the dollar) if:
a) The interest rate is 10% compounded annually? b) The interest rate is 10% compounded semiannually? c) The interest rate is 10% ordinary simple interest?
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Principles Of Macroeconomics
Authors: Frank, Bernanke, Antonovics, Heffetz
3rd Edition
1259117162, 9781259117169
