Question

If the average rate of return in the stock market is 8% per annum, how long...

If the average rate of return in the stock market is 8% per annum, how long will it take to increase you wealth 5 times? How long to increase it 10 times?

Select one:

a. to increase 5 times: 19.92 years, to increase 10 times 33.33 years

b. to increase 5 times: 39.92 years, to increase 10 times 48.93 years

c. to increase 5 times: 14.15 years, to increase 10 times 39.93 years

d. to increase 5 times: 20.91 years, to increase 10 times 29.92 years

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