Question: Approximately how long must one wait (in year) for an initial imestment of $1,000 to triple in value if the investment earns 12% compounded annually?

Approximately how long must one wait (in year) for an initial imestment of $1,000 to triple in value if the investment earns 12% compounded annually? A. 9.69 years B, 11,53 years C. 1427 years D. 20,14 years

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