Find the APR of a bond that doubles its value in 20 years. Round your answer to the

Chapter 10, Problem 28

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QUESTION:

Find the APR of a bond that doubles its value in 20 years. Round your answer to the nearest hundredth of a percent.

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QUESTION:

Find the APR of a bond that doubles its value in 20 years. Round your answer to the nearest hundredth of a percent.

ANSWER:

Step 1 of 3

We have given that

We let  as  to generalize all possible value and we let  as  because we need to show that  is twice the value of .

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Review this written solution for 921665) viewed: 1366 isbn: 9781292022048 | Excursions In Modern Mathematics: Pearson New International Edition - 8 Edition - Chapter 10 - Problem 28

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Textbook: Excursions in Modern Mathematics: Pearson New International Edition

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