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If you are looking to triple your investment, how long would it take if you are investing at 4.9% compounded monthly? (round to the nearest tenth and don't forget units) i need this answered ASAP
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If you are looking to triple your investment, how long would it take if you are

investing at 4.9% compounded monthly? (round to the nearest tenth and don't
forget units)
i need this answered ASAP

User Imraan
by
8.1k points

1 Answer

3 votes
It would take 23.5 using the rule of 115.

115/4.9
User Aardvarkk
by
7.8k points
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