Multiple Choice
Your investment account pays 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:
Verified
Correct Answer:
Verified
Related Questions
Q21: A "growing annuity" is a cash flow
Q22: You are considering investing in a European
Q23: Suppose you just won the state lottery,
Q24: Now that your uncle has decided to
Q25: You are in negotiations to make a
Q27: Which of the following bank accounts has
Q28: Which of the following statements regarding a
Q29: Cochrane Associate's net sales last year were
Q30: Your aunt has $500,000 invested at 5.5%,
Q31: Suppose United Bank offers to lend you