Give me answer within 45 min please I will give you upvote its very urgent ....thankyou... Alex invests $7669 in an investment project which gives him 4.2% (compoundedmonthly) per year. How many quarters will it take for Alex to triple his investment?It will take Alexquarters to triple his investment.(Please retain at least 4 decimal places in your calculations and at least 2 decimalplaces in the final answer.)

Given Pv= 7669 Fv=3pv=3*7669 n=? i= 4.2% year = 4.2%*3/12= 1.05%quaterly

Answered: stment project which gives him 4.2%…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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stment project which gives him 4.2% (compounded onthly) per year. How many quarters will it take for Alex to triple his investment? will take Alex quarters to triple his investment.