If a sum of money is deposited into an account that pays r% interest compounded annually, the
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If a sum of money is deposited into an account that pays r% interest compounded annually, the doubling time (in years) is given by
Find and interpret dT/dr when r = 5.
Transcribed Image Text:
T = In 2 In(1 + r/100)
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The doubling time decreases by approximately 277 yea...View the full answer
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