Question: 1 . How long would it take for $ 8 0 0 to grow to $ 2 , 0 0 0 at an 8 %

1.How long would it take for $800 to grow to $2,000 at an 8% interest rate? 2.5 years 3 years 12 years between 40 and 50 years
2.If you invest $1,000 today and receive $4,000 at the end of 18 years, what is your annual rate of return?
8%
25%
300%
400%

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