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An investment reaching a future value of $1,100.50 ran for:

A5 years
B9 years
C7 years
D3 years
Answer & Solution
Correct answer: A. 5 years
1. The example works from a principal and an annual rate. 2. It states the value at the end of the term. 3. That term was 5 years. _Source: OpenStax, Contemporary Mathematics, Ch 6 'Money Management'_
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