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Your investment advisor has recommended your invest in bonds that pay 11.5% , compounded annually. If you invest $10,000 today, how many years will it

Your investment advisor has recommended your invest in bonds that pay

11.5%

, compounded annually. If you invest

$10,000

today, how many years will it take for your investment to grow to

$30,000

?\ a. 2.30\ b. 8.99\ c. 10.09\ d. 0.24\ e. 8.70

image text in transcribed
Your investment advisor has recommended your invest in bonds that pay 11.5%, compounded annually. If you invest $10,000 today, how many years will it take for your investment to grow to $30,000 ? a. 2.30 b. 8.99 c. 10.09 d. 0.24 e. 8.70

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