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    Personal Financial Planning Study Set 6
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    Exam 2: Developing Your Financial Statements and Plans
  5. Question
    Theresa Invested $5,000 in an Account She Expects Will Earn
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Theresa Invested $5,000 in an Account She Expects Will Earn

Question 3

Question 3

Multiple Choice

Theresa invested $5,000 in an account she expects will earn 7% annually. Approximately how many years will it take for the account to double in value? (Round the number of years to the nearest whole number.)


A) 8
B) 9
C) 10
D) 11
E) 12

Correct Answer:

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