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A pension account has $150,000 invested in a mutual fund, and expects a 6.4% annual return. After how many years would this investment reach a value greater than $200,000? 4 5 6…

A pension account has $150,000 invested in a mutual fund, and expects a 6.4% annual return. After how many years would this investment reach a value greater than $200,000? 4 5 6…
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5 votes
A pension account has $150,000 invested in a mutual fund, and expects a 6.4% annual return. After how many years would this investment reach a value greater than $200,000?

4
5
6
7

User Don Wilson
by
8.5k points

2 Answers

6 votes

Answer:

5(B)

Explanation:

Edge

User Kmuenkel
by
8.1k points
1 vote

Answer: B

5

Explanation:

A pension account has $150,000 invested in a mutual fund, and expects a 6.4% annual-example-1
User Dondublon
by
8.6k points
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