1) an investment is made in a trust fund at an annual percentage rate of 7.15 % compounded quarterly. how long will it take for the investment to triple in value? find this to the nearest tenth of а year.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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1) an investment is made in a trust fund
at an annual percentage rate of 7.15 %
compounded quarterly. how long will it
take for the investment to triple in
value? find this to the nearest tenth of
а year.
Transcribed Image Text:1) an investment is made in a trust fund at an annual percentage rate of 7.15 % compounded quarterly. how long will it take for the investment to triple in value? find this to the nearest tenth of а year.
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