An investment opportunity advertises as follows: invest $ 33,842 and receive $ 50,000. In the fine print, the advertisement indicates an interest rate of 5%.
Instructions
Determine how many years the investor must wait to receive $ 50,000.

Question

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The Answer of An investment opportunity advertises as follows: invest $ 33,842 and receive $ 50,000. In the fine print, the advertisement indicates an interest rate of 5%.
Instructions
Determine how many years the investor must wait to receive $ 50,000.

An Investment Opportunity Advertises as Follows: Invest $ 33,842 and Receive