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2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming

2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do not use rule of 70/72)

(a) 4.16 years

(b) 4.08 years

(c) 8.16 years

(d) 2.08 years

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