Multiple Choice
How many years (and months) will it take $1 million to grow to $3 million with an annual interest rate of 7.5 percent?
A) 15 years and 2.29 months
B) 17 years and 5.6 months
C) 18 years and 3.8 months
D) 19 years and 2.4 months
Correct Answer:
Verified
Correct Answer:
Verified
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