This morning you invested $20,000 in an account that earns 8…
This morning you invested $20,000 in an account that earns 8.5% per year, compounded monthly. When the account reaches $171,200 in value, you will start providing scholarships to future ENM students. How many years will it take before you can start providing scholarships? (Enter your answer to the nearest tenth of a year. For example, if your answer is 123.456789, enter 123.5. Do not worry if Canvas truncates trailing zeros.)