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Suzy Douglas Has Been Offered the Opportunity of Investing $73,540

Question 13

Multiple Choice

Suzy Douglas has been offered the opportunity of investing $73,540 now.The investment will earn 8% per year and at the end of its life will return $200,000 to Suzy.How many years must Suzy wait to receive the $200,000?


A) 10
B) 11
C) 12
D) 13

Correct Answer:

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