Multiple Choice
You plan to invest in bonds that pay 6.0%,compounded annually.If you invest $10,000 today,how many years will it take for your investment to grow to $15,000?
A) 6.33
B) 5.64
C) 5.50
D) 6.96
E) 6.61
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q40: Suppose you have $2,000 and plan to
Q41: Your aunt has $270,000 invested at 5.5%,and
Q42: You are considering an investment in a
Q43: You are considering two equally risky annuities,each
Q44: You have a chance to buy an
Q46: What's the present value of a perpetuity
Q47: You want to buy a new sports
Q48: You deposit $825 today in a savings
Q49: Jose now has $500.How much would he
Q82: All other things held constant,the present value