A firm's net income last year was $2.65 million. Its net income grew 8% during the last 5 years. If that growth rate continues, how long will it take for the firm's net income to double?
A) 6.6 years
B) 7.1 years
C) 8.2 years
D) 9 years

Question

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The Answer of A firm's net income last year was $2.65 million. Its net income grew 8% during the last 5 years. If that growth rate continues, how long will it take for the firm's net income to double?
A) 6.6 years
B) 7.1 years
C) 8.2 years
D) 9 years

A Firm's Net Income Last Year Was $2