How Long Will It Take an Investment of $25,000 at 6

question 72

Multiple Choice

How long will it take an investment of $25,000 at 6% compounded annually to accumulate to a total of $35,462.50? (^{PV of $1}, ^{FV of $1}, ^{PVA of $1}, and ^{FVA of $1}) (Use appropriate factor(s) from the tables provided.)

• A) 6 years
• B) 2 years
• C) 5 years
• D) 4 years
• E) 10 years

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