Present and future value tables of $1 at 3% are presented below N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 1 1.03000 0.97087 1.0000 0.97087 1.0300 2 1.0609e 0.94260 2.0300 1.91347 2.0909 3 1.09273 0.91514 3.0909 2.82861 3.1836 4 1.12551 0.88849 4.1836 3.71718 4.3091 5 1.15927 0.86261 5.3091 4.57971 5.4684 6 1.19405 0.83748 6.4684 5.41719 6.6625 7 1.22987 @.81309 7.6625 6.23028 7.8923 8 1.26677 0.78941 8.8923 7.01969 9.1591 1.30477 0.76642 10.1591 7.78611 10.4639 1.34392 0.74409 11.4639 8.53020 11.8078 11 1.38423 0.72242 12.8078 9.25262 13.1920 12 1.42576 0.70138 14.1920 9.95400 14.6178 13 1.46853 0.68095 15.6178 10.63496 16.0863 14 1.51259 0.66112 17.0863 11.29607 17.5989 15 1.55797 0.64186 18.5989 11.93794 19.1569 1.60471 0.62317 20.1569 12.56110 20.7616 PVAD $1 1.00000 1.97087 2.91347 3.82861 4.71710 5.57971 6.41719 7.23028 8.01969 8.78611 9.53020 10.25262 10.95400 11.63496 12.29607 12.93794 610SRBIS You want to invest $40,000 today to accumulate $49,200 to buy a car. If you can invest at an interest rate of 3% compounded annually, how many years will it take to accumulate the required amount? O 6 years. O 9 years. O 8 years. O 7 years