Multiple Choice
You need $2,000 to buy a new stereo for your car. If you have $800 to invest at 5% compounded annually, how long will you have to wait to buy the stereo?
A) 6.58 years
B) 8.42 years
C) 14.58 years
D) 15.75 years
E) 18.78 years
Correct Answer:
Verified
Correct Answer:
Verified
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