Answered: With an interest rate of 10 % how long…

With an interest rate of 10 % how long does it take for an invest- ment to triple, if the interest is compounded (a) annually? (b) monthly? (c) continuously?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 7PROB

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With an interest rate of 10 % how long does it take for an invest-
ment to triple, if the interest is compounded
(a) annually?
(b) monthly?
(c) continuously?

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