Rounded to the nearest month, how long will it take an investment to triple if it earns:

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Rounded to the nearest month, how long will it take an investment to triple if it earns:
a. 9% compounded annually?
b. 8% compounded quarterly?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:32 AM

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Rounded to the nearest month, how long will it take an investment to triple if it earns:

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a Given PV 1 FV 3 j 9 m 1 Since each period is 1 year the investment will triple ...View the full answer

Business Mathematics In Canada

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