Question $10$

$1$ points

Sam refuses to retire until his retirement account has a balance of at least $$300,000.$ Sam won't make any more deposits in the account. The account currently has a balance of $$200,000$ and eams $5\mathrm{.}9\%$ per year, compounded semi$-$annually. About how long does Sam have before he will retire?

$7$ years

$6\mathrm{.}5$ years

$13$ years

$14$ years