Question
Compound interest (Unit4B) produces exponential growth because an inte rest-bearing account grows by the same percentage each year. Suppose your bank account has a doubling
Compound interest (Unit4B) produces exponential growth because an inte rest-bearing account grows by the same percentage each year. Suppose your bank account has a doubling time of 21 years. By what facto r does your balance inc rease in 50 yea rs?
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If the doubling time of your bank account is 21 years it means th...
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Practical Management Science
Authors: Wayne L. Winston, Christian Albright
6th Edition
1337406651, 978-1337406659
