How long must one wait (to the nearest year) for an initial investment of $1,000 to triple
Fantastic news! We've Found the answer you've been seeking!
Question:
How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8% compounded annually? The attached questions needs to be answered in excel with the excel formulas.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/6677750636ebd_774667775061aee2.jpg)
Posted Date: