Vince has a coin collection that he estimates is worth $950 today.Based on what he has seen in the past, he is confident that the value of this coin collection would increase to $2,000 in 5 years.What annual growth rate does this imply?

Jill has learned about the rule of 72.She is currently carrying a $1,000 balance on her credit card that is costing her 18% per year in interest.If she were to make no payments on the card, how long would it take until the balance on the card doubled to $2,000? (Ignore any fees, late payment penalties or any other impacts.)

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For Vinces coin collection to calculate the annual growth rate that implies an increase in value fro... View the full answer