An Investment Offers To Quadruple Your Money In 24 Months Don T Believe It What

An investment offers to quadruple your money in 24 months (don’t believe it). What rate per three months are you being offered?

SOLUTION:Future Value = Present Value * (1 + Rate)^nLet the present value be x.Future Valuen (Time) 4×8.00 4x = x (1 + Rate) ^ 84 = (1 + Rate) ^ 81 + Rate = (4) ^ (1/8)1 + RateRate…

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