How Long Will It Take an Investment to Triple If

question 2

Multiple Choice

How long will it take an investment to triple if it is continuously compounded at 15% per year? Select the correct answer rounded to the nearest year.

• A)4 years
• B)13 years
• C)7 years
• D)15 years
• E)8 years

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Middle Adulthood

A stage of adulthood typically considered to occur from around age 40 to 65, characterized by stability, maturity, and generativity.

Body Transcendence

The psychological process of transcending physical limitations or body concerns, often associated with aging or spiritual growth.

Body Preoccupation

An excessive focus on the body and its appearance, which can impact an individual's self-esteem and behaviours.