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Jan Murphy deposits $24,800 in the La Grange Community Bank today, and will not make additional deposits into the account (this is not an annuity

  • Jan Murphy deposits $24,800 in the La Grange Community Bank today, and will not make additional deposits into the account (this is not an annuity problem). If the bank pays 3.25% interest annually, how many years will it take for the account balance to grow to $51,000?
  • A.26.140
  • B.6.683
  • C.22.543
  • D.63.275
  • E.32.962

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