Question: QUESTION 18 Approximately how many years must one wait for an initial investment of $10,000 to triple in its value if the investment earns 9%

 QUESTION 18 Approximately how many years must one wait for an

QUESTION 18 Approximately how many years must one wait for an initial investment of $10,000 to triple in its value if the investment earns 9% compounded annually? O A. 13.75 OB. 11.45 O C. 14.25 OD. 12.75

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!