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:

Authority

The recognized power or right to make decisions, issue orders, and enforce obedience, often associated with positions of leadership or institutional roles.

Emerging Countries

Nations that are in the process of rapid industrialization and experiencing higher than average growth rates in their economies.

Interpersonal Values Conflicts

Disagreements or clashes between individuals based on differences in beliefs, principles, or personal priorities.

Time-Focused Cultures

Societies or groups that prioritize punctuality, schedules, and efficiency, often valuing time as a critical resource.