It Takes Money 20 Years to Triple at a Certain

question 115

Short Answer

It takes money 20 years to triple at a certain rate of interest. How long does it take for money to double at this rate?

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Definitions:

Big Businesses

Refers to large corporations or enterprises that have a significant impact on the economy through their operations, market influence, and financial power.

Service Innovation

The introduction of new or improved services to meet customer needs more effectively, often involving new technologies or business models.

Hispanic-Owned Businesses

Firms where the ownership is majorly held by individuals of Hispanic descent, often tracked for demographic and economic analysis.

Self-Employment

The status of working for oneself as a freelancer or the owner of a business rather than for an employer.