Utilize the rule of 70 by showing how long it takes for each $1.00 of income to double in value, given the different growth rate. Annual growth rate. Years to Double. Value after 70 years (approximate) 0% never. $1 1% 2% 3% 4% 5% 6% 7%
Utilize the rule of 70 by showing how long it takes for each $1.00 of income to double in value, given the different growth rate. Annual growth rate. Years to Double. Value after 70 years (approximate) 0% never. $1 1% 2% 3% 4% 5% 6% 7%
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.CR: Chapter Review
Problem 54E
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Utilize the rule of 70 by showing how long it takes for each $1.00 of income to double in value, given the different growth rate.
Annual growth rate. Years to
Double. Value after 70 years (approximate)
0% never. $1
1%
2%
3%
4%
5%
6%
7%
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