Multiple Choice
$4000 is deposited into an account earning j2 = 8% for the first 2 years and j2 = 10% thereafter.How long will it take for it to grow to $9041.67?
A) 6 yrs,9 months
B) 8 yrs,9 months
C) 13 yrs,6 months
D) 17 yrs,6 months
Correct Answer:
Verified
Correct Answer:
Verified
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