QUESTION 4 Robert owns two investments, A and B, that have a combined total value of $32,900.00. Investment A is expected to pay $25,000.00 in 3 years from today and has an expected return of 12.54 percent per year Investment B is expected to pay $28,400.00 in T years from today and has an expected return of 8.90 percent per year. What is T, the number of years from today that investment B is expected to pay $28,400.00? O 7.21 years (plus or minus 10 days) O 5.68 years (plus or minus 10 days) O 5.20 years (plus or minus 10 days) O 4.16 years (plus or minus 10 days) O none of the answers are within 10 days of the correct answer

QUESTION 4 Robert owns two investments, A and B, that have a combined total value of $32,900.00. Investment A is expected to pay $25,000.00 in 3 years from today and has an expected return of 12.54 percent per year Investment B is expected to pay $28,400.00 in T years from today and has an expected return of 8.90 percent per year. What is T, the number of years from today that investment B is expected to pay $28,400.00? O 7.21 years (plus or minus 10 days) O 5.68 years (plus or minus 10 days) O 5.20 years (plus or minus 10 days) O 4.16 years (plus or minus 10 days) O none of the answers are within 10 days of the correct answer

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Exponential And Logarithmic Functions

Section11.2: Applications Of Exponential Functions

Problem 27PS

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