MaryAnna Wants to Invest $\$ 6,500$ At an Interest Rate Of $7.5 \%$

question 62

Multiple Choice

MaryAnna wants to invest $\$ 6,500$ at an interest rate of $7.5 \%$
Per year, compounded daily. How long will it take her investment to grow to $\$ 8,000 ?$

• A) \(2.7 \text { years }\)
• B) \(27 \text { years }\)
• C) \(0.27 \text { years }\)
• D) \(37 \text { years }\)
• E) \(1 \text { year }\)

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