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To an Axiomatic Model of Rate of Growth

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DOI: 10.4236/am.2013.49179    3,975 Downloads   5,114 Views  

ABSTRACT

In the paper an axiomatic approach to express rates of growth is presented. The formula is given of rate of growth at a point as the limit case of rate of growth on an interval and the inverse formula is derived to compute present and future value of capital for an integrable rate of growth. Incidentally some inconsistencies in currently used formulas are pointed out.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

V. Studený and I. Mezník, "To an Axiomatic Model of Rate of Growth," Applied Mathematics, Vol. 4 No. 9, 2013, pp. 1326-1332. doi: 10.4236/am.2013.49179.

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