Calculate the number of years for money to triple at 3.6% p.a. compounded monthly.

Question

Quizplus · Accepted Answer

The Answer is PV = 1; FV = 3; i = PV = 1; FV = 3; i = = 0.003 n = = 366.7531281 (months) ÷ 12 = 30.56 years Programmed solution:

= 0.003
n = PV = 1; FV = 3; i = = 0.003 n = = 366.7531281 (months) ÷ 12 = 30.56 years Programmed solution:

= 366.7531281 (months) ÷ 12 = 30.56 years
Programmed solution: PV = 1; FV = 3; i = = 0.003 n = = 366.7531281 (months) ÷ 12 = 30.56 years Programmed solution:

Calculate the Number of Years for Money to Triple at 3.6