Multiple Choice
Jamil invested $9,500 in an account he expects will earn 5% annually.Approximately how many years will it take for the account to double in value? (Round off your answer to one decimal place.)
A) 8.8
B) 9.7
C) 10.8
D) 11.4
E) 14.2
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: Your investment advisor wants you to purchase
Q39: Inflation is expected to be 4% in
Q67: A budget is a financial report that
Q69: A budget helps in:<br>A)setting financial goals.<br>B)calculating discounted
Q71: Which of the following is a stage
Q72: Once you define your _ financial goals,you
Q75: The liquidity ratio is designed to show
Q77: Which of the following is true of
Q78: Michael and Sandy purchased a home for
Q95: Jean and Jim have liquid assets of