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    Exam 4: Time value of money
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    Your Investment Account Pays 8
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Your Investment Account Pays 8

Question 88

Question 88

Multiple Choice

Your investment account pays 8.0%, compounded annually.If you invest $5, 000 today, how many years will it take for your investment to grow to $9, 140.20?


A) 5.14
B) 5.71
C) 6.35
D) 7.05
E) 7.84

Correct Answer:

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