Question

An investment offers to quadruple your money in 18 months (don't believe it) What rate per...

An investment offers to quadruple your money in 18 months (don't believe it) What rate per three months are you being offered? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
 
Rate _______ %
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Answer #1

PV = FV/(1+r)^n

PV - Present value

FV - Future value

r - Interest rate

n - no. of periods

1 = 4/(1+r)^(18/3)

r = 25.99%

Rate per quarter = 25.99%

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