# Fall07:To triple $1 million, Mika invested today at an annual rate of return of 9 percent

Fall07:To triple

$1 million, Mika invested today at an annual rate of return of 9 percent. How

long will it take Mika to achieve his goal?

A. 15.5 years

B. 13.9 years

C. 12.7 years

D. 10 years

Level of difficulty: Medium