5 Using an annual interest rate of 20% how long will it take to triple your investments? Hint You can

Question

5. Using an annual interest rate of 20%, how long will it take to triple your investments?

Hint: You can

make any numbers for PV and FV.

For example, if PV = 30, the FV = 90 (either PV or FV must be negative, depends on which one is cash OUTFLOW for you)

a. 6.026 YEARS

b. 6.026 days

c. 7.698 YEARS

d. 7.698 days

Finance