Below are selected factors of future value of 1 at the compounding interest rate 8% for different compounding periods Compounding period (N) Future value of 1 N5 N-6 NE 1.46933 1.58687 1.71382 1.85093 Henry currently has $58,349 in his investment fund. Assume that he wants to accumulate $100,000 to travel around the world. Given an interest rate of 8% compounded annually, approximately how many years will it take to accumulate $100,000? 8 years. 7 years. 6 years 5 years