An investment of c dollars generates an annual return of r. If the generated returns become part
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An investment of c dollars generates an annual return of r. If the generated returns become part of the investment:
a. How many dollars will be available after n years?
b. How many years are needed to double the initial investment if r = 10 percent?
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Related Book For
Practical Finance For Operations And Supply Chain Management
ISBN: 9780262043595
1st Edition
Authors: Alejandro Serrano, Spyros D. Lekkakos, James B. Rice
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