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Finance
Investments
Certificate of Deposit (CD)
How long (in years) will it take to triple your money if it is invested in a certificate of deposit (CD) that pays 3% annual interest compounded daily? Round to the nearest tenth of a year. (Use 365 days for each year.)
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It will take approximately 23.1 years to triple your money if it is invested in a CD that pays 3% annual interest compounded daily.
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