You expect to receive $20,000 at graduation one year from now. You plan on investing it at 6 percent until you have $100,000. How long will you wait from now? Excel hint: nper(rate, pmt =0, pv, fv, type = 0) You expect to receive $20,000 at graduation one year from now. You plan on investing it at 6 percent until you have $100,000. How long will you wait from now?

Excel hint: nper(rate, pmt =0, pv, fv, type = 0)

28.54 years

27.55 years

27.51 years

27.47 years

28.62 years