QUESTION 4 If you deposit money today in an account that pays 11.7 percent annual interest, how long will it take to dou

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Question 4 If You Deposit Money Today In An Account That Pays 11 7 Percent Annual Interest How Long Will It Take To Dou 1 (294.09 KiB) Viewed 9 times

QUESTION 4 If you deposit money today in an account that pays 11.7 percent annual interest, how long will it take to double your money? O a. 11.70 years O b. 5.01 years O c. 8.55 years O d. 6.26 years O e. The answer cannot be calculated without knowing how much money is initially deposited. QUESTION 5 You have $21,867.38 in a brokerage account, and you plan to deposit an additional $6,000 at the end of every year until your account totals $200,000. You expect to earn 10.2 percent annually on the account. How long will it take to reach your goal? O a. 10 years O b. 9 years O c. 8 years O d. 11 years O e. 12 years