You Expect to Receive $9,000 at Graduation in 2 Years

question 40

Multiple Choice

You expect to receive $9,000 at graduation in 2 years.You plan on investing this money at 10 percent until you have $60,000.How many years will it be until this occurs?

• A)18.78 years
• B)19.96 years
• C)21.90 years
• D)23.08 years
• E)25.00 years

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