Multiple Choice
Solve the problem.
-Anne purchased a bond for a museum valued at for . If the bond pays annual interest compounded monthly, how long must she hold it until it reaches its full face value?
A) 10.58 years
B) 13.58 years
C) 11.58 years
D) 9.58 years
Correct Answer:

Verified
Correct Answer:
Verified
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