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June 20th, 2009, 05:43 AM   #1
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Investment ?

Hi i have a quick question. how would i set up this problem.

"I am considering the following investment opportunity."
A) a mutual fund that triples in value every 15 years.

How would i set up this problem? I would appreciate the help, Thanks!
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June 20th, 2009, 12:44 PM   #2
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Re: Investment ?

Amount = (Principal) * 3^(t/15) where t is time in years.
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