About how many years would it take for your investment to grow threefold if it were invested at an APR of 9 percent compounded annually? If you invest $1 at an APR of 9 percent compounded annually, about how many years would it take for your investment to grow threefold to $3?

Essentials Of Investments
11th Edition
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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About how many years would it take for your investment to
grow threefold if it were invested at an APR of 9 percent
compounded annually? If you invest $1 at an APR of 9
percent compounded annually, about how many years
would it take for your investment to grow threefold to $3?
Transcribed Image Text:About how many years would it take for your investment to grow threefold if it were invested at an APR of 9 percent compounded annually? If you invest $1 at an APR of 9 percent compounded annually, about how many years would it take for your investment to grow threefold to $3?
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