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 Long Will It Take $100 to Reach
Solved

Solving for Time How Long Will It Take $100 to Reach

Question 151

Question 151

Multiple Choice

Solving for Time How long will it take $100 to reach $500 when it grows at 10 percent per year?


A) 7.20 years
B) 16.89 years
C) 17.46 years
D) 40.00 years

Correct Answer:

verifed

Verified

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

Related Questions

Q15: Approximately how many years does it take

Q35: What is the value in year 20

Q37: What annual rate of return is earned

Q50: Moving cash flows from one point in

Q75: Your firm receives an offer from the

Q78: You invested $1,000 for 5 years in

Q145: Solving for Rates What annual rate of

Q147: Rates over One Year Determine the interest

Q153: Approximately what rate is needed to double

Q153: Interest-on-Interest Consider a $200 deposit earning 8

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