Solved

Sue Invested $5,000 Eleven Years Ago at 12

Question 181

Multiple Choice

Sue invested $5,000 eleven years ago at 12%. Terri has the same amount saved today as Sue has. Terri also earns 12% but she only invested $2,500. How long ago did Terri invest her money?


A) 17.1 years
B) 17.4 years
C) 17.9 years
D) 21.5 years
E) 22.0 years

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions