Question: You have saved up $ 1 5 0 , 0 0 0 to invest for retirement. You would like to earn $ 2 0 ,

You have saved up $150,000 to invest for retirement. You would like to earn $20,000 of interest, and you think you will earn an average of 6% interest in a CD.
Using a simple interest calculation, how many years will you need to invest your money to meet your goal?
2.58 years
1.23 years
2.22 years
1.54 years

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