Question 5 O out of 1 points In an account Harold Russ currently has 579,060.00 At a rate of 6.00% how long will it take for them to have $166,350.00 assuming tri-annually compounding? (Hint compute the exact years, do not use rule of 70/72) Selected Answer b. 37.57 years Answers: a 1252 years b. 37.57 years c 12.77 years d. 4 26 years Response Feedback; 1= \frac{In('frac[FVXPV1In(1+\fracm} })(1/m)= Vracin(frac(166,350/79,060)(1+\frac{0.063313X1/3)=12.52 years FV- 166,350 -79,060 RATE- \frac (63) - 2 NPER-71 Careful, this is periodic PMT- NA Remember to divide the number of periods you get out of the calculator by m (compounding period)! Also make sure you enter the PV as a negative and the FV as a positive, or depending on the direction of the account PV- 1. 12.52 years True 2.37 57 years False 3. 12.77 years False 4.426 years False DOLL