A Company Expects to Invest $5,000 Today at 12% Annual $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

Essay

A company expects to invest $5,000 today at 12% annual interest and plans to receive $15,529 at the end of the investment period.How many years will elapse before the company accumulates the $15,529? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$
A)0.322 years
B)3.1058 years
C)5 years
D)8 years
E)10 years