Multiple Choice
After winning $78,000 on a game show, Jasmine invests the money in a fixed-rate account offering
6.7% interest compounded semiannually. How long will it take that amount to grow to $100,000?
A) 1.92 years
B) 3.77 years
C) 7.54 years
D) 3.83 years
Correct Answer:
Verified
Correct Answer:
Verified
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