Multiple Choice
How many years will it take $100 to grow to $1,000 with an annual interest rate of 8 percent?
A) 9.00 years
B) 10.00 years
C) 29.92 years
D) 33.35 years
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q58: What is the value in year 6
Q59: You deposit $20,000 in an account that
Q60: Consider a $200 deposit earning 8 percent
Q61: You invested $1,000 for five years in
Q62: What annual rate of return is earned
Q64: We call the process of earning interest
Q65: You invested $2,000 in the stock market
Q66: How are future values affected by changes
Q67: You borrow $10,000 and will pay back
Q68: What annual rate of return is implied