For an investment to triple in value during a 15-year period, a. What annually compounded rate of

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For an investment to triple in value during a 15-year period,
a. What annually compounded rate of return must it earn?
b. What quarterly compounded rate of return must it earn?
c. What monthly compounded rate of return must it earn?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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For an investment to triple in value during a 15-year period, a. What annually compounded rate of

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Use PV 1 FV 3 term 15 years ...View the full answer

Business Mathematics In Canada

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