Multiple Choice
Rounded to the nearest month, how long will it take for $25,000 to grow to $35,000 at 9% compounded quarterly?
A) 3 years, 8 months
B) 5 years, 1 month
C) 4 years, 4 months
D) 5 years, 6 months
E) 3 years, 1 month
Correct Answer:
Verified
Correct Answer:
Verified
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