Question- *** ,,An investment offers to quadruple your money in 24 months. ,,Required:,What rate per three months are you being offered? ,,(Do not include the percent sign (%). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).),,please show all work so I fully understand how to solve this problem.. I worked through the problem a couple time myself but am not getting the correct answer. I need this question answer ASAP. it is due tonight and coursehero is my last resort. ,,- this is my work- ,,N= 24 months (24/3=8) because of the 3 months.,PV= -1,FV=4,I/Y= ? (i got 18.92/4=4.73%), annually–> quarters?,- the answer is also not 8.3333/months= 25%,- this is not the correct answer- please let me know what im doing wrong asap. thanks. ,
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