Multiple Choice
How many years (and months) will it take $4 million to grow to $7 million with an annual interest rate of 12 percent?
A) 4 years and 1.92 month
B) 4 years and 11.28 months
C) 5 years and 6.54 months
D) 5 years and 10.86 months
Correct Answer:
Verified
Correct Answer:
Verified
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