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If you presently have $6,000 invested at a rate of 15% , how many years will it take for your investment to triple? (Round up

If you presently have

$6,000

invested at a rate of

15%

, how many years will it take for your investment to triple? (Round up to obtain a whole number, if necessary.)\ ** Guidance: You should use your financial calculator and use

(3\\\\times $6,000)

as future value.\ Formula for periods is below, if you want to calculate manually:\

Number of periods =(ln((FV)/(PV)))/(ln(1+i))
image text in transcribed
If you presently have $6,000 invested at a rate of 15%, how many years will it take for your investment to triple? (Round up to obtain a whole number, if necessary.) Guidance: You should use your financial calculator and use (3$6,000) as future value. Formula for periods is below, if you want to calculate manually: Numberofperiods=ln(1+i)ln(PVFV)

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