How many years (and months) will it take $4 million to grow to $7 million with an annual interest rate of 12 percent?
A)4 years and 1.92 month
B)4 years and 11.28 months
C)5 years and 6.54 months
D)5 years and 10.86 months

Question

Quizplus · Accepted Answer

The Answer of How many years (and months) will it take $4 million to grow to $7 million with an annual interest rate of 12 percent?
A)4 years and 1.92 month
B)4 years and 11.28 months
C)5 years and 6.54 months
D)5 years and 10.86 months

How Many Years (And Months) Will It Take $4 Million