How Long, to the Nearest Year, Will It Take an Investment

question 82

Short Answer

How long, to the nearest year, will it take an investment to triple if it is continuously compounded at 15% per year

Round the answer to the nearest year.

__________ years

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Definitions:

Lease Payments

Periodic payments made by a lessee to a lessor for the use of an asset over a specified lease term.

Net Present Value

A financial metric used to evaluate the profitability of an investment, calculated by subtracting the present value of cash outflows from the present value of cash inflows.

Capital Budgeting

The process of planning and managing a firm’s investment in long-term assets.

Net Advantage

The overall benefit or gain achieved from a specific decision, action, or investment, considered after accounting for all relevant costs and drawbacks.