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Josie has some old artwork that she hopes to sell for $ 1 5 , 6 0 0 in the future ( FV ) .

Josie has some old artwork that she hopes to sell for $15,600 in the future (FV). She was just offered $6,000 for all of the artwork (PV). At a discount rate of 7% with quarterly compounding, how many years would Josie have to wait if she wanted to sell for the $15,600?
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14.12 years
56.49 years
55.08 years
13.77 years

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