Multiple Choice
Solve the problem.
-Find out how long it takes a $2900 investment to earn $300 interest if it is invested at 9% compounded monthly. Round to the nearest tenth of a year. Use the formula 
A) 1.5 yr
B) 1.1 yr
C) 1.3 yr
D) 0.9 yr
Correct Answer:
Verified
Correct Answer:
Verified
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