Anna has 30,000 to invest. She requires 50,000 for a down payment for a house. If she is able to invest at 6%, how many years will it be before she will accumulate the desired balance? (this answer requires that we use BAII plus calculator)
a. 6 years
b. 7 years
c.8 years
d. 9 years
I know the answer is D, 9 years but I can't figure out how to get that from the calculator.
PV=30,000, FV= 50,000, I= 6, CPT N=? I tried this method but it is not giving me the correct answer.