Question: Compare the answer to Exercise 10 with the Rule of Seventy described in Exercise 13. Exercise 13. How long will it take to double your

Compare the answer to Exercise 10 with the Rule of Seventy described in Exercise 13.

Exercise 13.

How long will it take to double your money at an interest rate that is << 100% starting with the expression F = P(1 + r)N? ln(1 + r) ≈ r if r << 1 and log (x)^N = N log (x)

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