Glen wants to take a holiday that costs $8,850, but currently he only has $2,750 saved. If he invests this money at 8 percent interest compounded annually, how long will he have to wait to take his holiday? Use a financial calculator to make the calculation.?
A. ?12.36 years
B. ?16.25 years
C. 15.19 years?
D. ?13.52 years
E. ?14.12 years
Answer: C
Business
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