Use the approximate doubling time formula​ (rule of​ 70) for the case described below. Discuss whether the formula is valid for the case described. An economic indicator is increasing at the rate of 5 5​% per year. What is its doubling​ time? By what factor will the indicator increase in 5 5 ​years? What is its doubling​ time? nothing years ​(Type an integer or decimal rounded to the nearest tenth as​ needed.) By what factor will the indicator increase in 5 5 ​years? nothing ​(Type an integer or decimal rounded to the nearest hundredth as​ needed.) Is this formula valid in the case​ described? Yes No

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Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.