How Many Years (And Months) Will It Take $1 Million

question 100

Multiple Choice

How many years (and months) will it take $1 million to grow to $3 million with an annual interest rate of 7.5 percent?

• A) 15 years and 2.29 months
• B) 17 years and 5.6 months
• C) 18 years and 3.8 months
• D) 19 years and 2.4 months

---

Definitions:

Body Proportions

The relative measurements and distribution of body parts, which change significantly with age, especially during growth spurts.

Adult

A person who has reached the age of maturity, typically characterized by having achieved full physical development and legal responsibilities.

Child's Body

Refers to the physical form and structure of a child, encompassing growth patterns, health issues, and anatomical development.

Ossified

Turned into bone; a process of bone formation or becoming fixed and rigid in policy or practice.