An investment of $1 will double in 20 years with an interest force d (delta). Determine the number of years required for an investment of $1 to triple a nominal interest rate, convertible 3 times a year, and which is numerically equivalent to d(delta) .

Answer rating: 100% (QA)

SOLUTION To solve this problem we can use the formula for compound interest A P1 rnnt where A the am... View the full answer