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this is year 1, so at year 12, 24 dollars has become 48.
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So it's a very good approximation.
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And so 7 percent it's supposed to take a little over 10 years.
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So at 10 years you're not quite there, but 11 years you're past it.
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So you can see how we're starting with 24,
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you can see how good the doubling rule is.
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So that's just something to keep
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so we can now do in class lots of concrete examples
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without having to take out our calculators and stuff
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because we can do them in class in your head.
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All right, so let's just do that now.
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Okay, so in fact why did I pick 24 dollars?