Question
To calculate how many years (n) an investment (P) must be kept in an account that earns interest at (i%, in order to triple in
To calculate how many years (n) an investment (P) must be kept in an account that earns interest at (i%, in order to triple in amount, which of the following expressions should be used?show your workng (a) n = _P + F(P/F, i%, n) (b) n = [log (F/P)] / [log (1 + i%)] (c) n = [In (_P + F)] / [In i%] (d) n = _F( 1 + i%)P
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The Handbook Of Financial Instruments
Authors: Frank J. Fabozzi
1st Edition
0471220922, 978-0471220923
