Chapter 8.A, Problem 30E

Doubling Time versus Initial Amount. a. Would you rather sun with one penny ($0.01) and double your wealth every day or start with one dime ($0.10, and double your wealth every five days (assuming you want to get rich)? Explain. h. Would you rather start with one penny ($0.01, and double your wealth every day or sun with $1000 and double your wealth every two days (assuming you want to get rich in the long run)? Explain. c. Which is more important in determining how last exponential growth occurs: the doubling time or the initial amount? Explain