Question: You are saving for a down payment for an apartment, so you deposited $15,000 into an investment offering a 6.0% return, compounding annually. To buy

You are saving for a down payment for an apartment, so you deposited $15,000 into an investment offering a 6.0% return, compounding annually. To buy the place you want, you need $20,000. How many years must you wait to buy the apartment? Select one: a. 4.74 years b. 4.83 years c. 4.79 years d. 5.06 years e. 4.94 years

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