Multiple Choice
You just won $17,500 and deposited your winnings into an account that pays 6.7 percent interest, compounded annually.How long will you have to wait until your winnings are worth $50,000?
A) 15.1 years
B) 15.31 years
C) 15.52 years
D) 15.73 years
E) 16.19 years
Correct Answer:
Verified
Correct Answer:
Verified
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