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Three years ago, Kevin invested $12,300.00. Today, he has $16,200.00. If Kevin earns the same annual rate implied from the past and current values of
Three years ago, Kevin invested $12,300.00. Today, he has $16,200.00. If Kevin earns the same annual rate implied from the past and current values of his invsetment, then in how many years from today does he expect to have exactly $55,900.00
13.49 years (plus or minus 0.05 years) | ||
14.33 years (plus or minus 0.05 years) | ||
16.49 years (plus or minus 0.05 years) | ||
10.40 years (plus or minus 0.05 years) | ||
None of the above is within .05 percentage points of the correct answer |
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