Pell University offers all college graduates a partial tuition refund upon graduation. as a result you expect to receive $42,000 at graduation in two years. You plan on investing this money at 9.5 percent until you have $177,000 which will be enough for a down-payment on a new apartment. How long will you wait from now to make the down-payment on the apartment?

Pell University offers all college graduates a partial tuition refund upon graduation. As a result, you expect to receive $42,000 at graduation in two years. You plan on investing this money at 9.5 percent until you have $177,000, which will be enough for a downpayment on a new apartment How long will you wait from now to make the downpayment on the apartment? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Period years