You invest $1000 in an account having interest such that your principal doubles every 10 years. a.
Question:
a. How much money would you have after 50 years?
b. If you were still alive in 100 years, show that you’d be a millionaire.
c. Give the equation that relates y = principal to x = number of decades for which your money has been invested.
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Related Book For
Statistics The Art And Science Of Learning From Data
ISBN: 9780321755940
3rd Edition
Authors: Alan Agresti, Christine A. Franklin
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