Multiple Choice
How long will it take $4,000 to grow to $7,500 if the investment earns interest at the rate of 14% / year compounded monthly? Round your answer to one decimal place.
A) 4.5 year(s)
B) 4.6 year(s)
C) 4.8 year(s)
D) 3.6 year(s)
Correct Answer:
Verified
Correct Answer:
Verified
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