Multiple Choice
You have $2,000 today in your savings account.How long must you wait for your savings to be worth $4,500 if you are earning 1.25 percent interest, compounded annually?
A) 89.66 years
B) 62.78 years
C) 70.92 years
D) 67.98 years
E) 65.28 years
Correct Answer:
Verified
Correct Answer:
Verified
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