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[Quantitative] You just looked at a stock chart over the last 100 years, which demonstrated the power of compound interest. With that in mind, you are now curious about how long it would take for an an investment to grow. Specifically, if an investment earns a 6% return, how long would it take for it to reach 10 times its original value? [Quantitative] You just looked at a stock chart over the last 100 years, which demonstrated the power of compound interest. With that in mind, you are now curious about how long it would take for an an investment to grow. Specifically, if an investment earns a 6% return, how long would it take for it to reach 10 times its original value?
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Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
Posted Date:
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