Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How long will it take money to triple if it is invested at 6% compounded quarterly? 8.9% compounded continuously? It will take about years at

image text in transcribed
How long will it take money to triple if it is invested at 6% compounded quarterly? 8.9% compounded continuously? It will take about years at 6% compounded quarterly. (Round to two decimal places as needed.) It will take about years at 8.9% compounded continuously. (Round to two decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance And The Behavioral Prospect

Authors: James Ming Chen

1st Edition

331981351X, 978-3319813516

More Books

Students also viewed these Finance questions

Question

H ow is a clubs mission statement created and used? AppendixLO1

Answered: 1 week ago

Question

The company openly shares plans and information with employees.

Answered: 1 week ago