If a $30 Investment Is Worth $90 Today, How Long

question 138

Multiple Choice

If a $30 investment is worth $90 today, how long ago must that $30 have been invested at 6% interest computed twice a year?

• A) That $30 must have been invested approximately 19.73 years ago.
• B) That $30 must have been invested approximately 19.37 years ago.
• C) That $30 must have been invested approximately 18.27 years ago.
• D) That $30 must have been invested approximately 20.08 years ago.
• E) That $30 must have been invested approximately 18.58 years ago.

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Definitions:

Molecular Weights

A measure of the total mass of atoms in a molecule, calculated as the sum of the atomic masses of all atoms in the molecule.

Compound

A substance formed by the chemical combination of two or more elements in fixed proportions.

Healing Presence

The act of bringing one's whole self into interaction with another, fostering recovery or well-being through the quality of being present.

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