Question 743 price gains and returns over time, no explanation
How many years will it take for an asset's price to triple (increase from say $1 to $3) if it grows by 5% pa?
(a) 17.7643 years
(b) 22.5171 years
(c) 29.2722 years
(d) 40 years
(e) 60 years
Copyright © 2014 Keith Woodward