At 6 percent interest, how long would it take to quadruple (i.e.to increase fourfold) your money? You

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At 6 percent interest, how long would it take to quadruple (i.e.to increase fourfold) your money? You can assume any amount ofinitial investment.

Group of answer choices

20.01 years

26.55 years

16.64 years

23.79 years

18.87 years

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Dec 09, 2022 08:20 PM

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At 6 percent interest, how long would it take to quadruple (i.e.to increase fourfold) your money? You

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Let P be the initial principal To quadru ple the principal you need to calculat... View the full answer

Personal Finance

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