Nickole Wants to Invest in a Bank CD That Will

question 63

Multiple Choice

Nickole wants to invest in a bank CD that will pay her 7.8 percent annually. If she invests $11,500 today, when will she reach her goal of $15,000? (Round off to the nearest year.)

• A) 5 years
• B) 7 years
• C) 2 years
• D) 4 years

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