Question
Charlie has a stock investment that he hopes will be worth $250,000. Charlie invested a total of $72,500 in the stock today. The stock is
Charlie has a stock investment that he hopes will be worth $250,000. Charlie invested a total of $72,500 in the stock today. The stock is earning 11.50% and is compounding monthly. How long will it take (in years) until Charlie has his $250,000?
129.79 years
11.37 years
10.82 years
136.46 years
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The Certified Lease And Finance Professionals Handbook
Authors: Deborah Reuben, Certified Lease & Finance Professionals, Equipment Finance Industry Experts
6th Edition
171743388X, 978-1717433886
