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Utilize the rule of 70 by showing how long it takes for each $1.00 of income to double in value, given the different growth rate. Annual growth rate.                     Years to Double.       Value after 70 years (approximate) 0%                        never.              $1 1% 2% 3% 4% 5% 6% 7%

Utilize the rule of 70 by showing how long it takes for each $1.00 of income to double in value, given the different growth rate. Annual growth rate.                     Years to Double.       Value after 70 years (approximate) 0%                        never.              $1 1% 2% 3% 4% 5% 6% 7%

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Utilize the rule of 70 by showing how long it takes for each $1.00 of income to double in value, given the different growth rate.

Annual growth rate.                     Years to

Double.       Value after 70 years (approximate)

0%                        never.              $1

1%

2%

3%

4%

5%

6%

7%

 

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