Your investment account pays 8.0%, compounded annually.If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?
A) 5.14
B) 5.71
C) 6.35
D) 7.05
E) 7.84
Correct Answer:
Verified
Q129: Which of the following statements is CORRECT?
A)
Q130: You have purchased a U.S.Treasury bond for
Q131: You are offered a chance to buy
Q132: Your aunt has $500,000 invested at 5.5%,
Q133: You agree to make 24 deposits of
Q135: You have $5,000 invested in a bank
Q136: Wildwoods, Inc.earned $1.50 per share five years
Q137: Assume that you own an annuity that
Q138: Your girlfriend just won the Florida lottery.She
Q139: Brockman Corporation's earnings per share were $3.50
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents