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:

Phantom Bills

Virtual or imaginary bills of materials used for planning and process mapping without affecting actual inventory.

Bills Of Material

A comprehensive list detailing all raw materials, components, and assemblies required to produce a finished product.

Variable Lead Times

Occurs when the time it takes for suppliers to deliver materials or components fluctuates, affecting inventory management and production planning.

MRP

Material Requirements Planning is a methodology used in manufacturing to identify the materials needed and organize the production schedule effectively.