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:

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software—over the Internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale.

John Deere Operations

Refers to the various manufacturing, distribution, and service processes of John Deere, a leading company in agriculture, construction, and forestry machinery.

USPS

United States Postal Service, the federal agency that provides postal services in the United States.

Amazon

An American multinational technology company primarily focused on e-commerce, cloud computing, digital streaming, and artificial intelligence.