Amanda is planning her retirement and needs an additional $424,000 to reach her retirement goal. Amanda can invest $40,000 now at a rate of 6.50%, compounded annually, how long will it be before Amanda can reach her goal? (Round to the nearest year) O 37 years O 33 years O 24 years O 50 years

Amanda is planning her retirement and needs an additional $424,000 to reach her retirement goal. Amanda can invest $40,000 now at a rate of 6.50%, compounded annually, how long will it be before Amanda can reach her goal? (Round to the nearest year) 37 years 33 years 24 years 50 years