How Long Will It Take $50,000 Placed in a Savings

question 57

Multiple Choice

How long will it take $50,000 placed in a savings account at 10% interest to grow into $75,000?

• A)4.25 years
• B)5.00 years
• C)5.25 years
• D)5.50 years

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Definitions:

Federal Unemployment Tax Return

This is a tax form filed by employers to report the federal unemployment taxes they have paid, used to fund state workforce agencies.