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How many years are required for ANY principal investment amount (P) to TRIPLE (m=3) given an annual interest rate of: a) r =20%? b) r=15%?
How many years are required for ANY principal investment amount (P) to TRIPLE (m=3) given an annual interest rate of:
a) r =20%? b) r=15%? c) r=5%? d) How does the interest rate affect investment multiple m?
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