Multiple Choice
Lakeside Inc. invested $735,000 at an 11.25% rate of return. The company sold their investment for $1,067,425. How much longer would Lakeside have had to wait if they had wanted to sell their
Investment for $1.25 million?
A) .98 year
B) 1.48 years
C) 1.98 years
D) 2.31 years
E) 3.50 years
Correct Answer:
Verified
Correct Answer:
Verified
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