How long will it take $50,000 placed in a savings account at 10% interest to grow...

Question

Question

How long will it take $50,000 placed in a savings account at 10% interest to grow into $75,000? O A. 6.25 years OB. 4.25 year

business finance

Answer 1

Answer #1

Rate = rate per period = future amount = fv Present value of investment = pv = NPER = number of a payment periods 10.00% $75,

Answer 2

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