Multiple Choice
You have $602.42 today.You want to accumulate $1,320 by investing your money.You have identified an investment that will generate a return of 4% per annum.How long will you have to invest (in years) in order to accumulate your desired total?
A) 20 years
B) 17 years
C) 19 years
D) 21 years
E) 22 years
Correct Answer:
Verified
Correct Answer:
Verified
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