menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Finance Study Set 14
  4. Exam
    Exam 3: Understanding and Appreciating the Time Value of Money
  5. Question
    Approximately How Long Will It Take Enrique's Investment to Grow
Solved

Approximately How Long Will It Take Enrique's Investment to Grow

Question 86

Question 86

Multiple Choice

Approximately how long will it take Enrique's investment to grow into $2,000?


A) Seventy-two months
B) Six years
C) Nine years
D) Twelve years

Correct Answer:

verifed

Verified

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

Related Questions

Q81: It is not realistic for a 20-year-old

Q82: Using the Rule of 72,if it will

Q83: If Monica invests $15,750 at 8 percent

Q84: A dollar received in the future is

Q85: A method by which one can compare

Q87: Assume that Adrian will need $30,000 for

Q88: What are some practical uses of present

Q89: What is the annual interest rate earned

Q90: Using the Rule of 72,approximately how long

Q91: Most people achieve comfortable retirements by postponing

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