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    Exam 4: Future Value, Present Value and Interest Rates
  5. Question
    Farou Invests $2,000 at 8% Interest
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Farou Invests $2,000 at 8% Interest

Question 13

Question 13

Multiple Choice

Farou invests $2,000 at 8% interest. About how long will it take for Farou to double his investment (e.g., to have $4,000) ?


A) 4 years
B) 5 years
C) 8 years
D) 9 years

Correct Answer:

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