Answered: How many years will it take for an…

How many years will it take for an investment to triple in value if it earns 5% compounded annually? O a. t= (In 1.05) / (In3) O b. t= In (3/1.05) O C. t In3 - Inl.05 O d. t = (In3) / (In 1.05)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How many years will it take for an investment to triple in
value if it earns 5% compounded annually?
O a. t= (In 1.05) / (In3)
O b. t= In (3/1.05)
O C. t= In3 Inl.05
o d. t= (In3) / (In 1.05)
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