At What Nominal Rate of Interest,compounded Monthly,will an Investment Triple

question 115

Short Answer

At what nominal rate of interest,compounded monthly,will an investment triple in 20 years?

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Definitions:

Situational Attribution

Refers to the process of attributing a person's behavior to external factors, such as the situation or environment they are in.

Cognitive Dissonance

The uneasy feeling that arises in someone when they possess multiple conflicting beliefs, ideas, or values simultaneously.

Foot-In-The-Door

A psychological technique that involves getting a person to agree to a large request by first setting them up by agreeing to a modest request.

Fundamental Attribution Error

The tendency to overestimate personality or dispositional factors and underestimate situational influences when explaining the behavior of others.