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:

Orderliness

The quality of being methodically organized and systematic in arrangement or function.

Information Gaps

Situations where a disparity or lack of necessary information exists, making it difficult to make informed decisions or understandings.

Opportunity-driven

Pursuing actions based on perceived potential for growth or benefit.

Timmons Model

A model of entrepreneurship that emphasizes the dynamic balance between opportunity, resources, and team, as the three critical factors in successful venture creation.