A: How long will it take for money to triple when invested at 7.2% compounded monthly? B: How long will it take for money to triple when invested at 7.2% monthly rate?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 4QTD
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A: How long will it take for money to triple when invested at 7.2% compounded monthly?

B: How long will it take for money to triple when invested at 7.2% monthly rate?

 

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