Multiple Choice
Jennifer invests $5100 in a saving certificate with an interest rate of 4.25% per year compounded monthly. How long will it take for her investment to grow to $13000? Round to the nearest tenth.
A) 1.9 years
B) 4.3 years
C) 215.6 years
D) 22.1 years
E) 211.5 years
Correct Answer:
Verified
Correct Answer:
Verified
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