Phil has $2,000 and he needs it to grow to $4,000 in 8 years.Assuming he adds no more money to this fund,what rate of return would he need to earn?
A)6%
B)7%
C)8%
D)9%
E)10%

Question

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The Answer of Phil has $2,000 and he needs it to grow to $4,000 in 8 years.Assuming he adds no more money to this fund,what rate of return would he need to earn?
A)6%
B)7%
C)8%
D)9%
E)10%

Phil Has $2,000 and He Needs It to Grow to $4,000