You are considering investing in a fund that pays a nominal annual rate of 8.39%, compounded monthly. If you invest $10,900 at the end of each month, how long will it take for your account to grow to $250,000 ? (Hint: Adjust the interest rate by the compounding frequency and convert your final answer back from months into years). 13.32 years 10.67 years 21.35 years 5.34 years 1.78 years