Free Practice Question
PS · Problem Solving
705-805
percent
Greg needs $10,000 to buy a new car. If he has $6,000 to invest at the rate of 5 percent compounded annually, approximately how long will he have to wait until he saves enough to buy the car?
Answer Choices
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5 years
B
8 years
C
10 years
D
15 years
E
18 years
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Explanation
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Difficulty
705-805
Type
PS
Category