FIN202_-_SP_2024_-_FE_1621.webp
Kim Oanh1

FIN202_-_SP_2024_-_FE_1621.webp

(Choose 1 answer)
(20612) Time to attain goal: Cheryl Merriweather wants to invest in a bank CD that will pay her 7.8 percent annually. If she is investing $11,500 today, when will she reach her goal of $15,000? (Round off to the nearest year.)
A. 5 years
B. 7 years
C. 2 years
D. 4 years


Q: 19

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