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  3. *note, i previously answered 5.35 years and it was

*Note, I previously answered 5.35 years and it was incorrect. You have researched your...

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Finance

image*Note, I previously answered 5.35 years and it was incorrect.

You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $38,000. You feel you can earn an APR of 10.6 percent compounded monthly and plan to save $470 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation? 5.35 years 6.50 years 6.00 years 742 years 6.74 years You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $38,000. You feel you can earn an APR of 10.6 percent compounded monthly and plan to save $470 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation? 5.35 years 6.50 years 6.00 years 742 years 6.74 years

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