For each of the following pairs of rates, determine which one results in more rapid investment growth.

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a. 17-day rate of 3/4 % or 67-day rate of 3%

b. 17-day rate of 3/2 % or 67-day rate of 6%

Related Book For answer-question

Discrete and Combinatorial Mathematics An Applied Introduction

ISBN: 978-0201726343

5th edition

Authors: Ralph P. Grimaldi

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Posted Date: Jan 08, 2020 11:52 AM

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For each of the following pairs of rates, determine which one results in more rapid investment growth.

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Expert Answer:

a 17day rate of 34 or 67day rate of 3 To find the investment growth we have to use the following for... View the full answer

Discrete and Combinatorial Mathematics An Applied Introduction

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