How many doubling periods do you have to wait for 1 cent to grow to $100...

Question

Question

How many doubling periods do you have to wait for 1 cent to grow to $100 trillion? Give your answer rounded to the nearest integer.

Answer 1

Answer #1

No.of doubling periods required is 53.15
(The magic of compounding).

doubling peiod means JDD7, 1eturn C=1) loo hulon $l00000poop00000 (F.v) (P-v $0.01 1 cent 11 presentvalue C1+ ) fulune value

Answer 2

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