Question: Answer this question to the closest whole year You expect to recive $11,000 ot graduation in 3 years from today, you plan on investing all

 Answer this question to the closest whole year You expect to

Answer this question to the closest whole year You expect to recive $11,000 ot graduation in 3 years from today, you plan on investing all of this money and earning 8% on it until you have $95,000. How long will you have to wait from today to have this money? Multiple Choice 32 years 36 years 29 years 24 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!