Multiple Choice
A firm's net income last year was $2.65 million. Its net income grew 8 percent during the last "5" years. If that growth rate continues, how long will it take for the firm's net income to double?
A) 6.6 years
B) 7.1 years
C) 8.2 years
D) 9 years
Correct Answer:
Verified
Correct Answer:
Verified
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