A very optimistic hedge fund investor expects his single-deposit investment to triple in value in 5 years.

Question:

A very optimistic hedge fund investor expects his single-deposit investment to triple in value in 5 years.

(a) What is the required effective monthly rate, compounded continuously?

(b) What is the corresponding effective annual rate needed?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

Question Posted: