You will receive a $5000 bonus one year from now. Your plan is to invest this money at 6.5% compounded annually, until you have $50,000. At that time, you will be going to Spain. How long from now will it be until you can go to Spain?

19. You you have $50,000. At that time, you will be g will receive a $5,000 bonus one year from now. Your plan is to invest this money at 6.5% compounded annually, unt oing to Spain. How long from now will it be until you can go to Spain? (Chap 4) A. 36.57 years B. 31.08 years 34.55 years ,932 58 years 32,Soco 37.57 years