you have $11,300 that you can invest in a savings account that earns 4.0% interest, compounded annually. if you want to withdraw at least $19,300 at some point in the future, how long will you need to keep the money invested?

16 yrs?

15 yrs?

14 yrs?

17 yrs?

TB MC Qu. 11-92 You have. You have st13oo that you can invest in a savings account that earns 40% interest compounded annuely ryou wont to withdraw at least $19,300 at some point in the future, how long will you need to keep the money invested? Future value of s1, Present value of$1. Future Value Annuity of $1 Present Value Annuity ofSI) (use appropriate factor from the Iv tables Round your final answer to nearest dollar amount) O 16 years O 15 years O 14 years O 17 years