Question
If Rachel invests $2000 today in an account that pays 6 percent interest compounded annually , how long will it take for her to accumulate
If Rachel invests $2000 today in an account that pays 6 percent interest compounded annually, how long will it take for her to accumulate $6,500 in her account?
Group of answer choices
23.02 years
18.50 years
20.23 years
16.89 years
25.65 years
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
9781133169949, 538751347, 978-0538751346
