Solve the Problem. -What Is the Rate on an Investment That Triples $4336

question 68

Multiple Choice

Solve the problem.
-What is the rate on an investment that triples $4336 in 27 years? Assume interest is compounded monthly.

• A) 3.4%
• B) 5.1%
• C) 4.1%
• D) 2.7%

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