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(Advanced Analysis) Indy Has $2,000 Invested in a fiNancial Asset

Question 224

Multiple Choice

(Advanced analysis) Indy has $2,000 invested in a financial asset earning an annually compounded interest rate of 6 percent. Approximately how many years will it take before Indy's investment is
Worth $5,000?


A) 25
B) 10.5
C) 12.8
D) 15.7

Correct Answer:

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