If you presently have $6,000 invested at a rate of 15%,how many years will it take for you investment to triple? (Round up to obtain a whole number of years if necessary.)
A) 2
B) 4
C) 6
D) 8
E) 10

Name: If you presently have $6,000 invested at a rate of 15%,how many years will it take for you investment to triple? (Round up to obtain a whole number of years if necessary.) A) 2 B) 4 C) 6 D) 8 E) 10
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Question

Quizplus · Accepted Answer

Using a financial calculator:
I/Y = 15, PV = -6,000, PMT = 0, FV = 18,000, cpt N = 7.86

If You Presently Have $6,000 Invested at a Rate of 15%,how