SOLUTION: a. Would you rather start 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
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-> SOLUTION: a. Would you rather start 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
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Question 800221: a. Would you rather start 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.
b. Would you rather start with one penny ($0.01) and double your wealth every day
or start 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 fast exponential growth occurs: the
doubling time or the initial amount? Explain. Answer by richwmiller(17219) (Show Source):
You can put this solution on YOUR website! 1
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by the tenth day, I would already have over ten dollars starting with one penny
while the dime would be worth only 20 cents.
