Multiple Choice
Faisal has $12,000 in his savings account and can save an additional $3600 per year. If interest rates are 12%, how long will it take his savings to grow to $47,000?
A) 4.3 years
B) 6.3 years
C) 5.3 years
D) 7.3 years
Correct Answer:
Verified
Correct Answer:
Verified
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