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If an investment of $40,000 is earning an interest rate of 4.00%, compounded annually, then it will take ___ for this investment to reach a

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If an investment of $40,000 is earning an interest rate of 4.00%, compounded annually, then it will take ___ for this investment to reach a value of $47, 721.05-assuming that no additional deposits or withdrawals are made during this time. Which of the following statements is true -assuming that no additional deposits or withdrawals are made? An investment of $50 at an annual rate of 5% will return a higher value in five years than $25 invested at an annual rate of 10% in the same time. An investment of $25 at an annual rate of 10% will return a higher value in five years than $50 invested at an annual rate of 5% in the same time

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