Question: What is the simple interest rate that will triple an investment (make it three times as much) in 12 years? Select one: O a. 9.59%

What is the simple interest rate that will triple an investment

What is the simple interest rate that will triple an investment (make it three times as much) in 12 years? Select one: O a. 9.59% O b. 25.00% O c. 8.33% O d. 16.67% O e. 5.95% How much money do you need to deposit in a bank account now so that you can withdraw $10,000 every 8 years forever if the interest rate is 5% per year, and the first withdrawal is scheduled 8 years from now? Select one: a. $24.432 b. $30,384 c. $20,384 od $195,458

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