Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For the following question, the expert ansers says that the number of year is 1 8 . But 1 9 8 7 - 1 9

For the following question, the expert ansers says that the number of year is 18. But 1987-1970 is 17 years. If I look at this in an excel table showing the value increase year to year, it matches the results of the formula when 17 is the exponent. So I just want to understand why we use 18.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Key Global Financial Markets Institutions And Infrastructure

Authors: Gerard Caprio

1st Edition

0123978734, 9780123978738

More Books

Students also viewed these Finance questions