Suppose you invest your money into an account that pays 4.0% per year compounded quarterly. How long (in years) will it take for your money to triple?
Round your answer to one decimal place.
I know I use this...
A=P(1+r/n)^nt
But to go from there and get an answer, so confused. Thank you for your help!
1 answer
Check your 11:34am post for solution.
1 answer