How Long Must One Wait (To the Nearest Year) for an Initial

question 20

Multiple Choice

How long must one wait (to the nearest year) for an initial investment of $1,000 to triple in value if the investment earns 8% compounded annually?

• A) 9.81 years
• B) 14.27 years
• C) 22.01 years
• D)25.00 years

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Definitions:

Bronchi

The major air passages that branch from the trachea into the lungs, facilitating the transport of air.

Cystic Fibrosis

A genetic disorder that affects the respiratory and digestive systems, leading to clogged ducts and secreted fluids.

Inherited Disease

A disease or disorder that is passed genetically from parents to offspring.

Secretory Cells

Cells responsible for producing and releasing substances such as hormones, enzymes, or sweat.