Sergey is selling many townhomes in Silicon Valley. To buy one of them, every month Valentina deposits $305 in a Capital One high-yield online savings account with an APR of 10.2 % (with monthly compounding). Given this information, in _____________ years that Capital One account will have the $27,000 balance Valentina needs to buy one of Sergeys townhomes.

rev: 08_30_2019_QC_CS-177187, 11_07_2019_QC_CS-189565

Multiple Choice

• 5.10 years

• 5.78 years

• 7.38 years

• 5.52 years

• 6.31 years