Multiple Choice
How long does it take for an account containing $7,000 to be worth $15,900 if the money is invested at 9% compounded monthly? Round your answer to the one decimal place.
A) 10.7 years
B) 7.6 years
C) 9.1 years
D) 9.9 years
E) 11.4 years
Correct Answer:
Verified
Correct Answer:
Verified
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