At an effective annual interest rate of 20%,how many years will it take a given amount to triple in value? (Round to the closest year.)
A) 5
B) 8
C) 6
D) 10
E) 9
Correct Answer:
Verified
Q15: The price of a Wendy's Bacon Cheeseburger
Q16: Which of the following problems could not
Q17: What is the future value of $124.49
Q19: $1,200 is received at the beginning of
Q21: You have some money on deposit in
Q22: Joe expects to receive a gift of
Q23: The Vanguard Windsor II mutual fund had
Q24: Casey has $1,000 to invest and would
Q25: Gary has $1,400 to invest with the
Q83: The rate of interest agreed upon contractually
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents