Solved

How Quickly Will $2,000 Grow to $10,000 If Interest Is

Question 24

Multiple Choice

How quickly will $2,000 grow to $10,000 if interest is 7% compounded quarterly? Round your answer to the nearest whole year, if necessary.

A) about 20 years
B) about 21 years
C) about 22 years
D) about 23 years

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