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    Exam 4: Time Value of Money
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    Plan to Invest in Securities That Pay 8
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Plan to Invest in Securities That Pay 8

Question 15

Question 15

Multiple Choice

plan to invest in securities that pay 8.0%, compounded annually.If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?


A) 5.14
B) 5.71
C) 6.35
D) 7.05
E) 7.84

Correct Answer:

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