You have saved up $150,000 to invest for retirement. You would like to earn $20,000 of interest, and you think you
will earn an average of 6% interest in the stock market.
Using a simple interest calcalation, how many years will you need to invest your money to meet your goal?
A 2.22 years
B 2.58 years
C 1.54 years
D 1.23 years