From 1984 to 2014, the value of Berkshire Hathaway stock grew at a rate of about 18%

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From 1984 to 2014, the value of Berkshire Hathaway stock grew at a rate of about 18% compounded annually. Give the difference equation for an investment of $1000 earning 18% compounded annually, and determine the number of years required for the investment to more than triple?
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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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