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5 years ago, Richard invested $5,950.00. In 1 year from today, he expects to have $10,400.00. If Richard expects to earn the same annual return
5 years ago, Richard invested $5,950.00. In 1 year from today, he expects to have $10,400.00. If Richard expects to earn the same annual return after 1 year from today as the annual rate implied from the past and expected values given in the problem, then in how many years from today does he expect to have exactly $17,800.00?\ 5.77 years (plus or minus 10 days)\ 4.81 years (plus or minus 10 days)\ 3.85 years (plus or minus 10 days)\ 6.74 years (plus or minus 10 days)\ none of the answers are within 10 days of the correct answer
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