10. What interest rate, compounded monthly, will triple the value of an investment after 12 years? A. 9.2% B. 6% C. 12% D. 7.7%

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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10. What interest rate, compounded monthly, will triple the value of an
investment after 12 years?
A. 9.2%
B. 6%
C. 12%
D. 7.7%
Transcribed Image Text:10. What interest rate, compounded monthly, will triple the value of an investment after 12 years? A. 9.2% B. 6% C. 12% D. 7.7%
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