You have saved $6.000 toward the purchase of a car costing $19.000 How long will the $6,000 have to be invested at 10% compounded monthly to grow to $19,000? Identify the formula required to solve this problem. OA. m A=P(1+ where i and A is the amount at the end of n periods, P is the principal value, is the annual nominal rate, mis number of compounding periods per year, I is rate per compounding period, and n is total number of compounding periods OB. A-P(1+) where A is the amount, P is the principal, r is the annual simple interest rate and t is the time in years OC A P where A is the amount at the end of 1 years # P is the principal invested at an annual rate r compounded continuously OD. 1 Prt, where 1 is the interest, P is the principal, r is the annual simple interest rate, and t is the time in years It will take months for the investment to grow to $19,000 (Round up to the nearest integer)

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