Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter19: The Basic Tools Of Finance
Section: Chapter Questions
Problem 1CQQ
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Question
![2. How many years are required for
your money to triple if it is invested
at 9% compounded?
a. annually
b. semi-annually
c. quarterly,](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6fa5f70a-70b6-4d00-a9d8-30c550810db9%2F30520455-8b57-4149-96ad-b2b6a05cbf3e%2Fbhba02f_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. How many years are required for
your money to triple if it is invested
at 9% compounded?
a. annually
b. semi-annually
c. quarterly,
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