Sue invested $5,000 eleven years ago at 10%. Terri has the same amount saved today as Sue has. Terri also earns 10% but she only invested $2,500. How long ago did Terri invest her money?

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
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Sue invested $5,000 eleven years ago at 10%. Terri has the same amount saved
today as Sue has. Terri also earns 10% but she only invested $2,500. How long ago
did Terri invest her money?
17.1 years
17.4 years
17.9 years
18.3 years
None of the above
Transcribed Image Text:Sue invested $5,000 eleven years ago at 10%. Terri has the same amount saved today as Sue has. Terri also earns 10% but she only invested $2,500. How long ago did Terri invest her money? 17.1 years 17.4 years 17.9 years 18.3 years None of the above
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