Loren Wants to Invest $\$ 6,500$ In a Fund at an Interest Rate Of

Multiple Choice

Loren wants to invest $\$ 6,500$ in a fund at an interest rate of $7.5 \%$ Per year, compounded monthly. How long will it take her investment to grow to $\$ 7,850 ?$

A) $2.5 \text { years }$
B) $25 \text { years }$
C) $0.5 \text { years }$
D) $4.5 \text { years }$
E) $1 \text { year }$