Multiple Choice
You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest,compounded annually.How long will you have to wait until your winnings are worth $75,000?
A) 21.24 years
B) 25.00 years
C) 22.29 years
D) 22.67 years
E) 23.95 years
Correct Answer:
Verified
Correct Answer:
Verified
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