Multiple Choice
Determine how long will take to triple money given an interest rate of 4.39% compounded monthly. Calculate to the nearest day.
A) 25 years and 26 days
B) 24 years and 46 days
C) 23 years and 60 days
D) 22 years and 90 days
E) 20 years and 60 days
Correct Answer:
Verified
Correct Answer:
Verified
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