Multiple Choice
If deposits of $9,900 invested at the end of every six months earn 13% compounded quarterly, how long will it take to accumulate $295,000?
A) 4.25 years
B) 8.5 years
C) 17.0 years
D) 34.0 years
E) 68.0 years
Correct Answer:
Verified
Correct Answer:
Verified
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