Solve the Problem. -How Long Must $4100 Be in a Bank at 8

question 26

Multiple Choice

Solve the problem.
-How long must $4100 be in a bank at 8% compounded annually to become $10,324.50? (Round to the nearest year.)

• A) 14 yr
• B) 11 yr
• C) 12 yr
• D) 13 yr

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