Ethan Has $160,000 to Invest Today at an Annual Interest

question 38

Multiple Choice

Ethan has $160,000 to invest today at an annual interest rate of 4%. Approximately how many years will it take before the investment grows to $324,000?

• A) 18 years.
• B) 20 years.
• C) 16 years.
• D) 11 years.

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