Accumulate the desired balance this answer

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Reference no: EM13952270

Anna has 30,000 to invest. She requires 50,000 for a down payment for a house. If she is able to invest at 6%, how many years will it be before she will accumulate the desired balance? (this answer requires that we use BAII plus calculator)

a. 6 years

b. 7 years

c.8 years

d. 9 years

I know the answer is D, 9 years but I can't figure out how to get that from the calculator.

PV=30,000, FV= 50,000, I= 6, CPT N=? I tried this method but it is not giving me the correct answer.

Reference no: EM13952270

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