kaysopeso4401 kaysopeso4401

16-10-2020
Business

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If an investment triples in value in seven years, the rate of return on the investment is nearest to:

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topeadeniran2 topeadeniran2

16-10-2020

Answer: 17%

Explanation:

Note that in the attachment

FV = future value

PV = present value

R = rate

n = number of years

After the calculation the answer is 17%

Kindly check the attachment for further details

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