Multiple Choice
Solve the problem.
-$5832 is deposited into a savings account at 9% interest, compounded monthly. To the nearest year, how long will it take for the account balance to reach $1,000,000?
A) 57 years
B) 40 years
C) 80 years
D) 52 years
Correct Answer:
Verified
Correct Answer:
Verified
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