Question: Use the interest tables from the textbook (or a financial calculator) to answer the following question. Amanda has $10,000 to invest at 5% to

Use the interest tables from the textbook (or a financial calculator) to answer the following question. Amanda has $10,000 to invest at 5% to pay a debt of $16,288, How many years will it take Amanda to accumulate enough money to liquidate (pay off) the debt? 6 years. 10 years. 8 years. 12 years.
Step by Step Solution
3.45 Rating (142 Votes )
There are 3 Steps involved in it
Answer The correct option is B 10 Year ... View full answer
Get step-by-step solutions from verified subject matter experts
