It is generally less expensive to form a corporation than a proprietorship because, with a proprietorship, extensive legal documents are required.

True

False

Janice has $$5,000$ invested in a bank that pays $10\mathrm{.}0\%$ annually. How long will it take for her

funds to triple?

$8\mathrm{.}99$ years

$13\mathrm{.}14$ years

$10\mathrm{.}95$ years

$9\mathrm{.}91$ years

$11\mathrm{.}53$ years