Multiple Choice
Shorty Jones wants to buy a one-way bus ticket to Mule-Snort, Pennsylvania. The ticket costs $142, but Mr. Jones has only $80. If Shorty puts the money in an account that pays 9% interest compounded monthly, how many months must Shorty wait until he has $142 (round to the nearest month) ?
A) 73 months
B) 75 months
C) 77 months
D) 79 months
Correct Answer:
Verified
Correct Answer:
Verified
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