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You expect to receive $9,000 at graduation in two years. You plan on investing it at...

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Finance

You expect to receive $9,000 at graduation in two years. Youplan on investing it at 12 percent until you have $110,000. Howlong will you wait from now? (Do not round yourintermediate calculations.)

  • 20.09 years

  • 22.09 years

  • 24.09 years

  • 26.50 years

  • 26.98 years

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You expect to receive $9,000 at graduation in two years. Youplan on investing it at 12 percent until you have $110,000. Howlong will you wait from now? (Do not round yourintermediate calculations.)20.09 years22.09 years24.09 years26.50 years26.98 years

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