Question: Use the formula for compound interest, a=P(1+i)^n, to determine how many years it will take for an investment of $10 000 to triple if the

Use the formula for compound interest, a=P(1+i)^n, to determine how many years it will take for an investment of $10 000 to triple if the interest rate is 7% per year, compounded quarterly.

HINT: There is a yearly interest rate that is compounded quarterly. Search "interest calculator" online to check the answer.

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