How Many Years Will It Take for $35 to Grow

question 78

Multiple Choice

How many years will it take for $35 to grow to $53.87 if it is invested at 9% compounded annually?

• A) 6.0
• B) 5.5
• C) 5.0
• D) 4.0

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Definitions:

Thrust Faulting

A geological fault in which the upper block, above the fault plane, moves up and over the lower block, commonly found in mountain ranges.

Accretionary Prism

A geological structure formed by the accumulation of sediments and rock fragments at a convergent tectonic plate boundary.

Subduction Zone

A region of the Earth's crust where tectonic plates converge, and one plate moves under another, leading to volcanic activity.

Thrusting

A geological process where one part of the Earth's crust is pushed up over another at a low angle, often associated with mountain building.