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Find the APR of a bond that doubles its value in 20 years. Round your answer to the
Chapter 10, Problem 28(choose chapter or problem)
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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