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If the interest earned by a CD is compounded continuously, which rule is most accurate when calculating how long it will take the money invested in the CD to double? A. Rule of …
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If the interest earned by a CD is compounded continuously, which rule is most accurate when calculating how long it will take the money invested in the CD to double? A. Rule of …
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Oct 28, 2019
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If the interest earned by a CD is compounded continuously, which rule is most accurate when calculating how long it will take the money invested in the CD to double? A. Rule of 69 B. Rule of 72 C. Rule of 12 D. None of the above
Mathematics
middle-school
Mustansar Fiaz
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Answer:
69
Explanation:
Joevon
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Oct 30, 2019
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Joevon
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For an investment compounded continuously, the rule of 69 gives a better approximation than the rule of 72 (for normal compound interests).
Nimbudew
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Nov 2, 2019
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