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Posted on Aug 12, 2024

How long will it take to triple your money if you have your money invested on a trust that promises a guaranteed 7% annual rate

How long will it take to triple your money if you have your money invested on a trust that promises a guaranteed 7% annual rate of interest, with monthly compunding?

a.16.24 years

b.15.97 years

c.15.83 years

d.15.74 years

e. Not enough info

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