Which investment scenario requires more time: $1 growing to $2 or $3 growing to $5? Both investments

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Which investment scenario requires more time: “$1 growing to $2” or “$3 growing to $5?” Both investments earn the same rate of return. Justify your choice.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:31 AM

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Which investment scenario requires more time: $1 growing to $2 or $3 growing to $5? Both investments

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Since the rate of return is the same for both cases the relative durations of the inve...View the full answer

Business Mathematics In Canada

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