Multiple Choice
A company expects to invest $5,000 today at 12% annual interest and plans to receive $15,529 at the end of the investment period.How many years will elapse before the company accumulates the
$15,529?
A) 0.322 years
B) 3.1058 years
C) 5 years
D) 8 years
E) 10 years
Correct Answer:
Verified
Correct Answer:
Verified
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