Present and future value tables of $1 at 3% are presented below. N EV $1 1 2 FVA $1 1.0000 2.0300 3.0909 3 4 4.1036 5 1.03000 1.06090 1.09273 1.12551 1.15927 1.19485 1.22987 1.26627 1.3077 5.3091 6 7 8 PV $1 9.97087 0.94260 9.91514 0.88349 0.86261 0.83748 0.81309 0.78941 0.76642 0.74403 0.72242 0.70138 0.68095 0.66112 0.64186 0.62317 PVA $1 8.97887 1.91347 2.32861 3.71710 4.57971 5.41719 6.23828 7.01969 7.78611 8.53020 9.25262 9.95409 10.63496 11. 29607 11.93794 12.56110 FVAD $1 1.0300 2.0909 3.1836 4.3091 5.4684 6.6625 7.8923 9.1591 10.4639 11.6078 13.1920 14.6178 16.0863 17.5989 19.1569 20.7616 PVAD $1 1.88808 1.97087 2.91347 3.82861 4.71710 5.57971 6.41719 7.23028 0.01969 3.78611 9.53020 10.25262 10.95000 11.63496 12.29607 12.93794 9 6.4684 7.6625 8.8923 10.1591 11.4639 12.8078 14.1920 15.6178 17.0063 18.5989 20.1569 10 11 12 1.34392 1.38423 1.42576 1.45453 1.51259 1.55797 1.60471 13 14 15 16 You want to invest $20,000 today to accumulate $22,500 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? Select one: a 3 years. b. 4 years OC5 years od 6 years