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Your Investment Account Pays 8

question 26

Multiple Choice

Your investment account pays 8.0%, compounded annually.If you invest $5,000 today, how many years will it take for your investment to grow to $9,140.20?


Definitions:

mL

Milliliter, a unit of volume in the metric system equal to one-thousandth of a liter.

Root Word

The basic part of a word from which derivations and inflections are formed.

Vowel

A letter of the alphabet representing a voiced sound made without any closure or obstruction of the vocal tract.

Wt

Commonly an abbreviation for weight, a measure of the heaviness or mass of an object or individual.

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