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 months
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 months
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