You have $50,000 in your account. Assuming no additional deposits are made and your account earns 8 percent per year, how long will it take for the account to have a balance of $500,000?
A) 28.83 years
B) 29.92 years
C) 50.00 years
D) 90.00 years

Question

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The Answer of You have $50,000 in your account. Assuming no additional deposits are made and your account earns 8 percent per year, how long will it take for the account to have a balance of $500,000?
A) 28.83 years
B) 29.92 years
C) 50.00 years
D) 90.00 years

You Have $50,000 in Your Account