Wendy has $23,000.00 invested in a bank that pays 9.75% annually. How long will it take for her funds to triple? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.
Wendy has $23,000.00 invested in a bank that pays 9.75% annually. How long will it take for her funds to triple? Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 14P
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Wendy has $23,000.00 invested in a bank that pays 9.75% annually. How long will it take for her funds to triple?
Round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.
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