menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamentals of Corporate Finance Study Set 12
  4. Exam
    Exam 4: The Time Value of Money
  5. Question
    How Long Will It Take $50,000 Placed in a Savings
Solved

How Long Will It Take $50,000 Placed in a Savings

Question 51

Question 51

Multiple Choice

How long will it take $50,000 placed in a savings account at 10% interest to grow into $75,000?


A) 4.25 years
B) 5.00 years
C) 5.25 years
D) 5.50 years
E) 4.75 years

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: Use the table for the question(s) below.<br>

Q46: You are considering investing in a zero-coupon

Q47: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6725/.jpg" alt=" What is the

Q48: Can we apply the growth perpetuity equation

Q50: Faisal has $15,000 in his savings account

Q52: If $10,000 is invested in a certain

Q53: You are saving money to buy a

Q54: Micha offers to pay an investor of

Q55: A perpetuity will pay $1000 per year,starting

Q56: Jessica deposits her $2,500 bonus cheque into

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines