(a) At 12% interest per annum, how long will it take for a penny to become a million dollars? How long will it take at 18%?
(b) Show the growth in values on a spreadsheet using 10-year time intervals.
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(a) At 12% interest per annum, how long will it take for a penny to become a million dollars? How long will it take at 18%?
(b) Show the growth in values on a spreadsheet using 10-year time intervals.