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1. At approximately what rate would you have to invest a lump-sum amount today if you need the amount to triple in six years? Assume

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1. At approximately what rate would you have to invest a lump-sum amount today if you need the amount to triple in six years? Assume interest is compounded annually. Answer 20% 12% 24% Not enough information is provided to answer the question. None of the above is a correct

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