Multiple Choice
Glen wants to take a holiday that costs $8,850, but currently he only has $2,750 saved. If he invests this money at 8 percent interest compounded annually, how long will he have to wait to take his holiday?
A) 12.36 years
B) 16.25 years
C) 15.19 years
D) 13.52 years
E) 14.12 years
Correct Answer:
Verified
Correct Answer:
Verified
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