Mathematics, 27.11.2019 21:31 LindaCat78
What annual rate of interest is required to triple an investment in 7 years if it were compounded quarterly?
a) 10.409%
b) 16.993%
c) 16.01%
d) 8.497%
Answers: 1
 
 
 
 ![\sqrt[28]{3}=(1+\frac{r}{4})](/tpl/images/0393/6213/25f98.png)
![4\sqrt[28]{3}=4+r](/tpl/images/0393/6213/724e4.png)
![r=4\sqrt[28]{3}-4](/tpl/images/0393/6213/3dcef.png)
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What annual rate of interest is required to triple an investment in 7 years if it were compounded qu...
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