Multiple Choice
Albend Holmes wants to deposit $4,500 in a bank account that pays 8.25 percent annually. How many years will it take for his investment to grow to $10,000? (Round off to the nearest year.)
A) 8 years
B) 11 years
C) 10 years
D) 12 years
Correct Answer:
Verified
Correct Answer:
Verified
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