If you want to triple your money at an interest rate of 6 percent per year compounded

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If you want to triple your money at an interest rate of 6 percent per year compounded annually, how many years would you have to leave the money in the account?

a. 12 years

b. 19 years

c. 32 years

d. Cannot be determined without knowing the amount invested

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Principles Of Engineering Economic Analysis

ISBN: 9781118163832

6th Edition

Authors: John A. White, Kenneth E. Case, David B. Pratt

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Question Posted: Mar 26, 2024 01:02 AM

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If you want to triple your money at an interest rate of 6 percent per year compounded

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Principles Of Engineering Economic Analysis

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