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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?


Definitions:

Next Record

In database and data processing, it refers to the command or function that moves the focus to the next record in a dataset or list.

Greeting Line Merge Field

A function in word processing and mailing software that allows the automatic insertion of personalized greeting lines in emails or documents.

Salutation

A form of greeting or a courteous expression of good will, often used in written communication.

Recipient List

A collection of email addresses or contacts targeted for sending email campaigns, notifications, or invites.

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