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    Exam 4: Time value of money
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    You Have $5, 000 Invested in a Bank That Pays
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You Have $5, 000 Invested in a Bank That Pays

Question 138

Question 138

Multiple Choice

You have $5, 000 invested in a bank that pays 3.8% annually.How long will it take for your funds to triple?


A) 23.99
B) 25.26
C) 26.58
D) 27.98
E) 29.46

Correct Answer:

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