Question: Refer to Problem 73. Show that the exact annual compound rate of growth of an investment that doubles in n years is given by r
Refer to Problem 73. Show that the exact annual compound rate of growth of an investment that doubles in n years is given by r = 100(21/n - 1). Graph this equation and the rule of 72 on a graphing calculator for 5 ≤ n ≤ 20.
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