In 1980, direct U.S. business investment abroad was about 13.5 billion dollars. From 1980 through 2010, the investment grew at an average annual interest rate of 11.24%. According to the model, how long would it take from 2010 for investments abroad to double the level present in 2010?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 67SE: Alyssa opened a retirement account with 7.25 APRin the year 2000. Her initial deposit was 13,500....
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In 1980, direct U.S. business investment abroad was about 13.5 billion dollars. From 1980 through 2010, the investment grew at an average annual interest rate of 11.24%. According to the model, how long would it take from 2010 for investments abroad to double the level present in 2010? (no sentence

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