Multiple Choice
How long will it take $3,000 to reach $5,000 when it grows at 7 percent per year?
A) 7.00 years
B) 7.55 years
C) 9.52 years
D) 10.29 years
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q119: What is the present value of a
Q120: When your investment compounds, your money will
Q121: The Rule of 72 is a simple
Q122: Approximately how many years does it take
Q123: What is the present value of a
Q125: What is the value in year 3
Q126: At age 20 you invest $1,000 that
Q127: The interest rate, i, which we use
Q128: People borrow money because they expect<br>A) their
Q129: Which of the following statements about the