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bigexternal bigexternal
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7 years ago
Gary has $1,400 to invest with the goal of having $4,000 available to purchase a used car. If he can earn 12% compounded semiannually on his investment, how long will he have to wait to acquire his car?
A) Eighteen years   
B) Nine years   
C) Eighteen months   
D) Nine months   
E) Four years
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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We're using: Corporate Finance Online (Eakins, McNally)
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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bigexternal Author
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#2
7 years ago
I'm surprised how many intellects exist in this community, thank you
We're using: Corporate Finance Online (Eakins, McNally)
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