QUESTION 11

1. You expect to receive $2900 upon your graduation and will invest your windfall at an interest rate of 0.39 percent compounded quarterly until the account is worth $4600. How many years do you have to wait until you reach your target account value?

   		29.80 years
   		31.91 years
   		25.93 years
   		27.66 years
   		29.63 years