You just won $17,500 and deposited your winnings into an account that pays 6.7 percent interest, compounded annually.How long will you have to wait until your winnings are worth $50,000?
A)15.1 years
B)15.31 years
C)15.52 years
D)15.73 years
E)16.19 years

Question

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The Answer of You just won $17,500 and deposited your winnings into an account that pays 6.7 percent interest, compounded annually.How long will you have to wait until your winnings are worth $50,000?
A)15.1 years
B)15.31 years
C)15.52 years
D)15.73 years
E)16.19 years

You Just Won $17,500 and Deposited Your Winnings into an Account