Ahmed just turned

25

and wants to have

$8,669

saved in

5

years, by his 30th birthday. Assuming no additional deposits, if he currently has

$5,900

in an intermediate-term bond fund earning a

5

percent yield, will he reach his goal? If not, what rate of return is required to meet his goal?

.Assuming no additional deposits, if he currently has

$5,900

in an intermediate-term bond fund earning a

5

percent yield, will he reach his goal?(Select the best choice below.)

A.Yes, Ahmed will reach his goal of having

$8,669

by his 30th birthday.

B.No, Ahmed will not reach his goal of having

$8,669

by his 30th birthday.

The rate of return required to meet his goal is

enter your response here%.

(Round to the nearest integer.)