You currently have $2,500 invested at an annual rate of 8%. How long will it take for this investment to grow to a value of $3,500?
A) 4.37 years
B) 5.00 years
C) 5.60 years
D) 8.03 years
Answer: A
Explanation: A) n = = = 4.37 years
MODE = END
INPUT ? 8 -2,500 0 3,500
KEY N I/Y PV PMT FV
CPT 4.37
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