Mathematics, 26.05.2021 17:10 musdaher
You deposit $500 in an investment account. The rate of growth is 6% a year. If you make no further deposits or withdrawals, and the investment is allowed to grow uninhibited, how long will it take for your investment to reach $1,500? Round to the nearest tenth.
A. 18.3 years
B. 45.1 years
C. 27.6 years
D. 8.0 years
Answers: 3
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You deposit $500 in an investment account. The rate of growth is 6% a year. If you make no further d...
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