If Rachel Invests $1700 Today in an Account That Pays

Multiple Choice

If Rachel invests $1700 today in an account that pays 6 percent interest compounded annually, how long will it take for her to accumulate $6,500 in her account? Use a financial calculator to determine the amount.

A) 23.02 years
B) 18.50 years
C) 20.52 years
D) 16.89 years
E) 25.65 years