Rounded to the Nearest Month, How Long Will It Take

question 266

Multiple Choice

Rounded to the nearest month, how long will it take for $25,000 to grow to $35,000 at 9% compounded quarterly?

• A) 3 years, 8 months
• B) 5 years, 1 month
• C) 4 years, 4 months
• D) 5 years, 6 months
• E) 3 years, 1 month

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Definitions:

Externship

A temporary training program in a workplace, especially one offered to students as part of a course of study.

Medical Assisting Program

An educational course or series of courses designed to train individuals in the administrative and clinical tasks supporting physicians and healthcare professionals in various settings.

Practical Experience

Hands-on experience gained through doing tasks related to one's field of study or profession, rather than theoretical knowledge.