If $5000 is invested at an annual interest rate of 7% compounded 365 times per year, find the time in years and months when the future value is $7500. Round up to the nearest month.
A) 5 years 10 months
B) 5 years 9 months
C) 5 years 8 months
D) 5 years 7 months
E) None of these

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The Answer of If $5000 is invested at an annual interest rate of 7% compounded 365 times per year, find the time in years and months when the future value is $7500. Round up to the nearest month.
A) 5 years 10 months
B) 5 years 9 months
C) 5 years 8 months
D) 5 years 7 months
E) None of these

If $5000 Is Invested at an Annual Interest Rate of 7