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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))
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