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Author Question: At an effective annual interest rate of 20%, how many years will it take a given amount to triple in ... (Read 26 times)

jwb375

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on: Apr 25, 2021

Question 1

At 15% interest compounded annually, approximately how long will it take Walter to double his money?
◦ About five years
◦ About three years
◦ About seven years
◦ About fifteen years
◦ About fifty years

Question 2

At an effective annual interest rate of 20%, how many years will it take a given amount to triple in value? (Round to the closest year.)
◦ 5
◦ 8
◦ 6
◦ 10
◦ 9
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Marked as best answer by jwb375 on Apr 25, 2021

Rilsmarie951

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jwb375

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
Wow, this really help

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