Multiple Choice
Using a financial calculator, which of the following would be a correct way to find how long it would take for a sum to triple at a rate of 3%?
A) i=5, PV=-1, PMT=0, FV=3, solve for N
B) i=5, PV=1, PMT=0, FV=3, solve for N
C) i=.05, PV=-1, PMT=0, FV=3, solve for N
D) Financial calculators cannot be used to solve this problem.
Correct Answer:
Verified
Correct Answer:
Verified
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