Nevertheless, I believe the reference list is quite complete, and should provide broad exposure to all sides of the argument.
The next year, the interest added to the value of the investment will be 5% of the $105.
Compound interest causes the amount of interest earned to increase with every compounding period.
It is only a property of substances that decay at a rate proportional to their mass.
I have inserted a few additional references that came to my attention only after this article was essentially finished.
At this time I have not seen the second edition of the book, though I know that one exists.
4, copyright July, 1973, by the Institute for Creation Research. It is my intention to show that this argument is flawed in the extreme, and is therefore without any merit.
The value of an investment depends not only on the interest rate, but how frequently the interest is compounded.
If, for example, a 0 investment is made with 5% interest compounded annually, after one year, the investment will be worth 5.
This means that it has a constant relative rate of decay.