If you deposit some money into a bank account today, to the nearest year, how long will it take to triple your deposit if it earns 32% annually?
If you deposit some money into a bank account today, to the nearest year, how long will it take to triple your deposit if it earns 32% annually?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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If you deposit some money into a bank account today, to the nearest year, how long will it take to triple your deposit if it earns 32% annually?
note: calculate to the nearest decimal. For example, if the answer is 12.56 years, then input your answer as 12.6
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