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You expect to receive a payout from a trust fund in 5 years. The payout will be for $13,800. You plan to invest the money
You expect to receive a payout from a trust fund in 5 years. The payout will be for $13,800. You plan to invest the money at an annual rate of 5.1 percent until the account is worth $23,200. How many years do you have to wait from today?
a.13.90 years
b.11.58 years
c.13.73 years
d.10.44 years
e.15.44 years
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