How Long Must One Wait (To the Nearest Year) for an Initial

question 85

Multiple Choice

How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8 percent compounded annually?

• A)9
• B)14
• C)22
• D)25 $3,000 = 1,000(1.08)ⁿ
• 3 = (1.08)ⁿ
• 14)27, or approx.14 yrs.= N

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Definitions:

Antagonist

A muscle that produces the opposite movement of the prime mover.

Movement

The act or process of changing place or position by the entire body or a body part.

Origin

An attachment site of a skeletal muscle that does not move when a muscle contracts.

Insertion

An attachment site of a skeletal muscle that moves when a muscle contracts.