If you want your money to quadruple (i.e., increase by 300 percent) in five years, what APR

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If you want your money to quadruple (i.e., increase by 300 percent) in five years, what APR (based on monthly compounding) would you need to earn?

a. 22.07%

b. 28.05%

c. 31.95%

d. 60.00%

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