Solved

Find the Number of Years for $14,100 to Grow to $16,600

Question 464

Multiple Choice

Find the number of years for $14,100 to grow to $16,600 at 3% compounded semiannually. Round to the nearest tenth of a year.

A) 5.4 yr
B) 6.6 yr
C) 4.6 yr
D) 5.5 yr

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