Plan to Invest in Bonds That Pay 6

question 56

Multiple Choice

plan to invest in bonds that pay 6.0%, compounded annually.If you invest $10,000 today, how many years will it take for your investment to grow to $30,000?

• A)12.37
• B)13.74
• C)15.27
• D)16.97
• E)18.85

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Definitions:

Offshoring

Sending work or jobs to another country to cut a company’s costs at home (sometimes called international outsourcing and offshore outsourcing).

Work

The exertion of effort towards achieving a goal, completing tasks, or generating products or services, which may be compensated through wages or other forms of payment.

Jobs

Positions of employment where individuals are compensated for their labor or services by an employer.

Another Country

A term that can refer to a foreign nation or be used to describe a situation or context that is unfamiliar or markedly different from what is known.