Several years ago, Sara invested $4,208. Today, that investment is worth $28,406 and has earned an average

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Several years ago, Sara invested $4,208. Today, that investment is worth $28,406 and has earned an average annual rate of return of 7.38 percent. How long ago did Sara make her investment?

A) 31.09 years

B) 26.82 years

C) 18.98 years

D) 14.97 years

E) 23.03 years

Posted Date: May 18, 2024 07:01 AM

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Several years ago, Sara invested $4,208. Today, that investment is worth $28,406 and has earned an average

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