Multiple Choice
A $5,000 investment has doubled to $10,000 in ten years. How much longer will it take for the investment to reach $15,000 if it continues to earn the same rate?
A) 5.00 years
B) 5.85 years
C) 6.86 years
D) 7.20 years
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: Consider a $2,000 deposit earning 6 percent
Q37: You invested $5,000 in the stock market
Q38: What annual rate of return is earned
Q39: How much would be in your savings
Q40: Which of the following would you prefer?<br>A)
Q42: What annual rate of return is earned
Q43: You are offered a choice between $770
Q44: You are considering an investment that is
Q45: What is the present value of a
Q46: The longer money can earn interest,<br>A) the