Assume that you invest $5,000 into a savings account that compounds at 8% quarterly. How long would it take for the investment to reach $7,500? Remember that for quarterly calculations we typically round all decimals up to the next quarter (0.25, 0.5, 0.75 or 1.0) as that implies we need more quarters than the value provided. a. 1.5 years b. 10.75 years c. 20.5 years d. 5.25 years ⚫e. 5.5 years

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