If a $20 Investment Is Worth $60 Today, How Long

question 66

Short Answer

If a $20 investment is worth $60 today, how long ago must that $20 have been invested at 6% interest computed twice a year? Round your answer to two decimal places. __________ years

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Definitions:

Puppets

Objects manipulated by individuals or mechanisms to create an illusion of life, often used in storytelling and entertainment.

Psychologist

A professional specializing in diagnosing and treating mental health issues, studying human behavior, and applying psychological research to improve individuals' lives.

MMPI

The Minnesota Multiphasic Personality Inventory (MMPI) is a standardized psychometric test of adult personality and psychopathology.

Altruism

The selfless concern for the well-being of others, often leading to acts of kindness without expectation of reward.