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How many years will it take for your investment to triple

Question 1. If you presently have $6,000 invested at a rate of 15%, how many years will it take for your investment to triple? (Round up to a whole number of years if necessary)

Question 2. You deposit $1,000 in a savings account that pays 8% compounded quarterly. How much money will you receive if you close the account after 18 months?

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Finance Basics: How many years will it take for your investment to triple

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