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If you invested $2,500 per year in an investment account yielding 9.5% with a goal of accumulating $250,000, how many years would it take to

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If you invested $2,500 per year in an investment account yielding 9.5% with a goal of accumulating $250,000, how many years would it take to reach your goal? Select one: a. Less than 20 b. Between 20 and 30 c. Between 30 and 50 d. Between 50 and 80 e Greater than 80 Timmay has a plan to save $40,000 for a new car He plans on saving $5,000 per year and investing his savings at 7% compounded annually. How long will it take Timmay to save for his car? Select one a. Less than 4 years b. Between 4 and 5 years e Between 5 and 6 years d. Between 6 and 7 years e. Greater than 7 years How many years would it take you to accumulate $1,000,000 if you saved $350 per month and received a 7.3% return on your investment over the entire period? Select one: a. Less than 35 years b. Between 25 and 38 years c. Between 38 and 41 years d. Between 41 and 44 years e More than 44 years

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