Question: 9. value: 10.00 points How long will it take an investment to triple if it earns: a. 9.8% compounded annually? (Do not round your intermediate

 9. value: 10.00 points How long will it take an investment

9. value: 10.00 points How long will it take an investment to triple if it earns: a. 9.8% compounded annually? (Do not round your intermediate calculations and round your answer to the nearest month.) Will triple in years and months. b. 8.8% compounded quarterly? (Do not round your intermediate calculations and round your answer to the nearest month.) Will triple in years and months

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!