Multiple Choice
At approximately what rate would you have to invest a lump-sum amount today if you need the amount to triple in six years? Assume interest is compounded annually.
A) 20%
B) 12%
C) 24%
D) Not enough information is provided to answer the question.
E) None of the above is a correct answer.
Correct Answer:
Verified
Correct Answer:
Verified
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