menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Finance Applications and Theory Study Set 2
  4. Exam
    Exam 4: Time Value of Money
  5. Question
    Solving for Time How Many Years Will It Take $200
Solved

Solving for Time How Many Years Will It Take $200

Question 125

Question 125

Multiple Choice

Solving for Time How many years will it take $200 to grow to $250 with an annual interest rate of 4 percent?


A) 1.24 years
B) 5.69 years
C) 6.25 years
D) 18.00 years

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: Which of the following statements is incorrect

Q64: We call the process of earning interest

Q113: A deposit of $500 earns 5 percent

Q120: Moving Cash Flows What is the value

Q122: Rule of 72 Approximately how many years

Q123: Future Value At age 25 you invest

Q124: Moving Cash Flows What is the value

Q128: People borrow money because they expect<br>A) their

Q128: Rule of 72 Approximately what interest rate

Q130: A dollar paid (or received) in the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines