You expect to receive a payout from a trust fund in 3 years. The payout will be for $12,600. You plan to invest the money at an annual rate of 5.7 percent until the account is worth $21,400. How many years do you have to wait from today?

Multiple Choice

• 11.30 years

• 11.16 years

• 9.42 years

• 9.56 years

• 12.56 years