Gianni Invested $10,000 at a Rate of 6% Compounded Annually

question 4

Multiple Choice

Gianni invested $10,000 at a rate of 6% compounded annually.How long will it take for the investment to grow to $40,000?

• A)1.33 years
• B)4.00 years
• C)23.79 years
• D)50.00 years

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Definitions:

Native Americans

The indigenous peoples of the United States, including both the mainland and Alaska Natives.

Pánfilo de Narvaez

A Spanish conqueror and explorer known for his expeditions in the early 16th century, including an ill-fated venture in Florida.

Linguistic Skills

The ability to use language effectively and competently, including speaking, listening, reading, and writing in one’s first language or additional languages.

African Involvement

The participation or role of African people or nations in various historical, social, or political events.