Asked by rebecca

Metropolis currently has $1,150,000 in cash. How long would it take them to accumulate $2,000,000 in cash? Assume an interest rate of 5%.
Answered by Lawrence Lee
IDK, if the purpose that you took an economics course is for wealth. Then the answer to that question is: Is the CEO smart or not? If he/she is smart then he could make it in a day or even 6 hours. If not, it will be impossible. He'll file a chpater 11 even before George Washington was elected as president.
Answered by Geraline

Metropolis currently has $1,150,000 in cash. How long would it take them to accumulate $2,000,000 in cash? Assume an interest rate of 5%.
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