​Complete the Table for the Time T (In Years)necessary for P

question 42

Multiple Choice

​Complete the table for the time t (in years) necessary for P dollars to triple if interest is compounded annually at rate r.Round your answer to two decimal places. ​​
$$\begin{array} { | l | l | l | l | l | l | l | } \hline r & 10 \% & 12 \% & 14 \% & 16 \% & 18 \% & 20 \% \\\hline t & & & & & & \\\hline\end{array}$$

• A) \[\begin{array} { | c | c | c | c | c | c | c | }
• \hline r & 10 \% & 12 \% & 14 \% & 16 \% & 18 \% & 20 \% \\
• \hline t & 11.53 & 9.69 & 8.38 & 7.40 & 6.64 & 6.03 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | c | c | c | c | c | c | }
• \hline r & 10 \% & 12 \% & 14 \% & 16 \% & 18 \% & 20 \% \\
• \hline t & 6.03 & 6.64 & 7.40 & 8.38 & 9.69 & 11.53 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | c | c | c | c | c | c | }
• \hline r & 10 \% & 12 \% & 14 \% & 16 \% & 18 \% & 20 \% \\
• \hline t & 6.03 & 6.64 & 8.38 & 7.40 & 9.69 & 11.53 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | c | c | c | c | c | c | }
• \hline r & 10 \% & 12 \% & 14 \% & 16 \% & 18 \% & 20 \% \\
• \hline t & 11.53 & 8.38 & 9.69 & 7.40 & 6.03 & 6.64 \\
• \hline
• \end{array}\]
• E) \[\begin{array} { | c | c | c | c | c | c | c | }
• \hline r & 10 \% & 12 \% & 14 \% & 16 \% & 18 \% & 20 \% \\
• \hline t & 11.53 & 9.69 & 8.38 & 6.64 & 6.03 & 7.40 \\
• \hline
• \end{array}\]

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Definitions:

Tax Rate

The portion of income or profits the government takes as tax from a person or company.

Unlevered Value

Unlevered value is the value of a company or investment assuming it has no debt financing, focusing solely on its equity value.

Tax Rate

The proportion of financial income that is taxed from either a person or a corporate body.

Unlevered Rate

A financial metric that measures the return on investment without considering the impact of financial leverage.