Multiple Choice
A high-yield savings pays 20% interest, compounded continuously. How long would it take an initial investment of $2500 to grow to $20,000?
A) 1.04 years
B) 103.972 years
C) 10.397 years
D) 14.979 years
E) none of these
Correct Answer:
Verified
Correct Answer:
Verified
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