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    Introduction to Corporate Finance
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    Exam 3: The Time Value of Money
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    If You Can Earn 5% (Compounded Annually)on an Investment,how Long
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If You Can Earn 5% (Compounded Annually)on an Investment,how Long

Question 5

Question 5

Multiple Choice

If you can earn 5% (compounded annually) on an investment,how long does it take for your money to triple?


A) 14.40 years
B) 22.52 years
C) 19.48 years
D) 29.29 years

Correct Answer:

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