You invest 50000 at 6 per year how many years t do you have, Financial Management

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You invest 50000 at 6 per year how many years t do you have

1. You invest $50,000 at 6% per year. How many years (t) do you have to wait until it grows to $80,000? Find the correct equation to find t.

A. 50(1.06)t = 80

B. 50/(1.06)t = 80

C. t.ln(80/50) = ln(1.06)

D. t.ln(1.06) = ln(50/80)

2. If you can earn a 10% annual return, how much do you have to invest today in order to have $1,000,000 forty (40) years from now?

A. $29,004

B. $27,777

C. $22,727

D. $22,095

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Financial Management: You invest 50000 at 6 per year how many years t do you have

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