Question: Rounded to the nearest quarter year, how long will it take an investment to quadruple if it earns: a. 8% compounded annually? b. 9% compounded

Rounded to the nearest quarter year, how long will it take an investment to quadruple if it earns:
a. 8% compounded annually?
b. 9% compounded semiannually?

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a Given PV 1 FV 4 j 8 m 1 Since each period is 1 year the fractional period is just 4 quarters ... View full answer

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