Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

How long will it take to triple our investment if we can earn an 8.5% annual return?

   

12.8 years
   

13.5 years
   

10.6 years
   

11.9 years
Expert Solution
Check Mark
Step 1

Annual Rate:

It is the rate for the complete year charged on a loan amount or utilized for computing the present or future value of any amount.

 

Information Provided:

Annual rate = 8.5%

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