Question
A recent advertisement in the financial section of a magazine carried the following claim: Invest your money with us at 14 percent, compounded annually, and
A recent advertisement in the financial section of a magazine carried the following claim: Invest your money with us at 14 percent, compounded annually, and we guarantee to double your money sooner than you imagine. Ignoring taxes how long would it take to double money at a nominal rate of 14 percent, compounded annually?
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
