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

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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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Exploring Engineering An Introduction to Engineering and Design

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Authors: Philip Kosky, George Wise, Robert Balmer, William Keat

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

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The Rule of Seventy states that it takes approximately 70r years to double you...View the full answer

Exploring Engineering An Introduction to Engineering and Design

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