How many years will it take for an investment of $1,000 to grow to $1,500...
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Finance
How many years will it take for an investment of $1,000 to grow to $1,500 if the annual simple interest rate is 1.2%?
Select one:
a.47.88 years
b.40.88 years
c.47.34 years
d.43.96 years
e. 41.67 years
How to calculate this? The answer is e.! Please to excel ark answers, as I would love to learn. Thank you :)
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