Multiple Choice
At what monthly compounded nominal rate of interest will money triple in eight years?
A) 13.81%
B) 9.59%
C) 14.72%
D) 1.23%
E) 115.10%
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q284: A trust company pays 3.5% compounded semiannually
Q285: The Canadian Consumer Price Index (based on
Q286: The maturity value of a $5,000 four-year
Q287: If the Consumer Price Index rose from
Q288: Seven years before it matures the value
Q290: $100,000 face value strip bonds were sold
Q291: Calculate the missing interest rate (to the
Q292: Over a five-year period, Hardip's $2,000 investment
Q293: A bank quotes 7.25% compounded monthly on
Q294: An investment earned 8% compounded quarterly for