Question
Your investment account pays 6.6%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?
Your investment account pays 6.6%, compounded annually. If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?
Select the correct answer.
a. 10.84
b. 9.44
c. 13.64
d. 8.04
e. 12.24
Looking for help with this finance question thanks!
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
