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MaryAnna Wants to Invest $6,500\$ 6,500 At an Interest Rate Of 7.5%7.5 \%

Question 62

Multiple Choice

MaryAnna wants to invest $6,500\$ 6,500 at an interest rate of 7.5%7.5 \%
Per year, compounded daily. How long will it take her investment to grow to $8,000?\$ 8,000 ?


A) 2.7 years 2.7 \text { years }
B) 27 years 27 \text { years }
C) 0.27 years 0.27 \text { years }
D) 37 years 37 \text { years }
E) 1 year 1 \text { year }

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