Sergey is selling many townhomes in Silicon Valley. To buy one of them, every month Valentina deposits $350 in a Capital One high-yield online savings account with an APR of 10.5 % (with monthly compounding). Given this information, in _____________ years that Capital One account will have the $30,000 balance Valentina needs to buy one of Sergeys townhomes.

rev: 08_30_2019_QC_CS-177187, 11_07_2019_QC_CS-189565

Multiple Choice

• 6.12 years

• 5.35 years

• 4.94 years

• 7.14 years

• 5.60 years