How Many Years Will It Take for an Initial Investment

question 42

Multiple Choice

How many years will it take for an initial investment of $200 to grow to $544 if it is invested today at 8% compounded annually?

• A) 8 years
• B) 10 years
• C) 11 years
• D) 13 years

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Definitions:

Subservient

Describes someone who is excessively willing to obey others; subordinate in capacity or role.

Voting Rights Bill

Legislation aimed at protecting or expanding the right to vote, often by removing barriers to voter registration and participation.

North

A geographical and cultural region, often referred to in the context of the division between the Northern and Southern United States before and during the Civil War.