Question: Please Write out the full problem step by step and the steps if you can do this on financial calculator A. 5.46 years B.5.61 years
Please Write out the full problem step by step and the steps if you can do this on financial calculator
A. 5.46 years B.5.61 years C. 5.83 years D. 16.19 years E. 16.46 years 10. You have just won the lottery and received $10,000. You deposited your winnings into an account that pays 7.5 percent interest compounded annually. How long will you have to wait until your winnings are worth $15,000? FV= 15,000 P= 10,000 I = 075
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