Question: 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?
a. 9% compounded annually?
b. 8% compounded quarterly?
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a Given PV 1 FV 3 j 9 m 1 Since each periodis 1 year the i... View full answer
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