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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?


Definitions:

Procurement

The process of sourcing and acquiring goods and services from external sources for an organization.

E-sourcing

The process of acquiring goods or services for business use through online platforms and electronic negotiations.

E-procurement

Electronic procurement involves the use of online systems and tools to conduct the purchasing process and obtain goods and services.

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