Multiple Choice
You just won $50,000 and deposited your winnings into an account that pays 5.5 percent interest,compounded annually.How long will you have to wait until your winnings are worth $100,000?
A) 11.24 years
B) 12.00 years
C) 12.29 years
D) 12.67 years
E) 12.95 years
Correct Answer:
Verified
Correct Answer:
Verified
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