Tripling is equivalent to earning a rate of return of 200%. Therefore, solve (1 + 6%)x =
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Tripling is equivalent to earning a rate of return of 200%. Therefore, solve (1 + 6%)x = (1 + 200%), or x . log(1.06) = log(3.00) or x = log(3.00)/ log(1.06) ≈ 18.85 years.
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