Wendy has $23,000.00 invested in a bank that pays 11.75% annually. How long will it take for her funds to triple?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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Wendy has $23,000.00 invested in a bank that pays 11.75% annually. How long will it take for her funds to triple?

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