FIN 301- At approximately what rate would you have to invest a lump-sum amount today

| June 14, 2018

At approximately what rate would you have to invest a lump-sum amount today if you need the amount to triplein six years? Assume interest is compounded annually.Select one:a. 20%b. Not enough information is provided to answer the question.c. 24%d. None of the answers listed here is correct.e. 12%

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