Solving for Time How Many Years Will It Take $1

question 75

Multiple Choice

Solving for Time How many years will it take $1 million to grow to $3 million with an annual interest rate of 7 percent?

• A)10.29 years
• B)14.52 years
• C)16.24 years
• D)33.33 years

---

Definitions:

Emergency Contraception

A method used to prevent pregnancy after unprotected sex or contraceptive failure, often referred to as the morning-after pill.

Abortions

A medical procedure that ends a pregnancy.

Abstinence

The act of refraining from engaging in certain behaviors or indulgences, commonly used in the context of sexual activity or substance use.

Postpartum Blues

A common, temporary psychological state of sadness, worry, and weariness that many mothers experience shortly after childbirth.