Question: Why is c wrong for me ? Use a spreadsheet to determine how long it will take for a $300 deposit to triple in value

Why is c wrong for me ?
Use a spreadsheet to determine how long it will take for a $300 deposit to triple in value for each of the following and compounding_periods. For each, determine the size of the deposit over time, for as many periods as necessary for the original sum to triple. a. It will take months for a $300 deposit to triple in value with an interest rate of 7 percent per year, compounded monthly. (Round up to the nearest whole number.) b. It will take six-month periods for a $300 deposit to triple in value with an interest rate of 11 percent per y compounded semiannually. (Round up to the nearest whole number.) c. It will take years for a $300 deposit to triple in value with an interest rate of 13 percent per year, compounded continuously. (Round up to the nearest tenth.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
