How Long Would It Take $5000 to Grow to $25,000

question 184

Multiple Choice

How long would it take $5000 to grow to $25,000 at 9% compounded continuously? Round your answer to the nearest tenth of a year.

• A) 18.4 years
• B) 17.9 years
• C) 19.4 years
• D) 18.1 years

---

Definitions:

Opportunity Cost

The importance of the top second option lost by deciding on a particular path.

Farming

The practice of cultivating the land or raising stock, such as the growing of crops or the raising of livestock to produce food, fiber, and other materials.

Brocolli

A green vegetable with a large flowering head, often consumed for its nutritional value.

Marginal Product

The marginal product is the additional output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant, in the production process.