How long will it take $50,000 placed in a savings account at 10% interest to grow into $75,000?
A) 4.25 years
B) 3.25 years
C) 5.25 years
D) 6.25 years

Question

Quizplus · Accepted Answer

A) Calculate N using TVM keys: input 11ea84dc_f57c_f4c4_9a63_a76a512de622_TB1316_11_TB1316_11 interest 11ea84dc_f57c_f4c5_9a63_b94294ecfe48_TB1316_11_TB1316_11 and 11ea84dc_f57c_f4c6_9a63_6b4e20cea377_TB1316_11_TB1316_11 11ea84dc_f57c_f4c7_9a63_135be6228797_TB1316_11_TB1316_11

How Long Will It Take $50,000 Placed in a Savings