The U.S. Bureau of the Census publishes employment statistics and demand forecasts for various occupations. A. Using
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The U.S. Bureau of the Census publishes employment statistics and demand forecasts for various occupations.
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A. Using a spreadsheet or hand-held calculator, calculate the ten-year growth rate forecast using the constant growth model with annual compounding, and the constant growth model with continuous compounding for each occupation.
B. Compare your answers and discuss any differences.
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will...
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a B For example if the number of jobs jumps to 420000 from 311000 over a t...View the full answer
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