What is the nominal annual rate of interest at which money will triple itself in 12 years

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What is the nominal annual rate of interest at which money will triple itself in 12 years if compounded annually?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 03:51 AM

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What is the nominal annual rate of interest at which money will triple itself in 12 years

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Let PV 1 FV 3 n 12 CY 1 1 i 12 3 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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