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# At an interest rate of 6.25% percent compounded annually, how many years will it take for an investment of \$7,000 to grow to \$10,000? (Round to the

Need these two finance questions answered. Thank you.

At an interest rate of 6.25% percent compounded annually, how many years will it take for an investment of \$7,000 to grow to \$10,000? (Round to the nearest year.) A. 6 years B. 4 years C. 10 years D. 8 years What is the expected return on a stock if the firm will earn 24% during a period of economic boom, 14% during normal economic periods, and –2% during a period of recession, if the probabilities of these economic environments are 20%, 65%, and 15%, respectively? A 14.2% B 8.7% C 13.6% D 10.1% I know its not 14.2

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