Bankers use the law of 70, which says that if an account increases at a fixed rate
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Bankers use the law of 70, which says that if an account increases at a fixed rate of p%/yr, its doubling time is approximately 70/p. Explain why and when this statement is true.
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In 2 T 2 In10p occur...View the full answer
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Related Book For
Calculus Early Transcendentals
ISBN: 978-0321947345
2nd edition
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
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