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i A. 5.46 years B.5.61 years C. 5.83 years D. 16.19 years E. 16.46 years 10. You have just won the lottery and received $10,000.
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A. 5.46 years B.5.61 years C. 5.83 years D. 16.19 years E. 16.46 years 10. You have just won the lottery and received $10,000. You deposited your winnings into an account that pays 7.5 percent interest compounded annually. How long will you have to wait until your winnings are worth $15,000? FV= 15,000 P= 10,000 I = 075Step by Step Solution
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