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You have researched your dream around the world vacation and determined that the total cost of the vacation will be $20,000. You feel you can

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You have researched your dream around the world vacation and determined that the total cost of the vacation will be $20,000. You feel you can earn an APR of 9.5 percent compounded monthly and plan to save $200 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation? Multiple Choice 5.69 years 6.43 years 8.33 years o 6.16 years

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