Lucy deposited $67600 in an investment fund that provided 16 percent annual return compounded quarterly. If she made no other transactions with the fund, in how much time, in months, did her investment earn a total interest of $5300?
Choose the correct choice from the following answers:
A) 90.5  B) 92  C) 93  D) 90  E) 96.1
A = P + I = 67600 + 5300= 
<gadget id="calculator">67600 + 5300</gadget>
<output>72_900</output>
72900   72900= 67600(1 + 8/4*100)^(4t)   (729/676) = (102/100)^(4t)   t =7 1/2 yrs = 90 months   Answer: 90
<result>D</result>
Lucy deposited $67600 in an investment fund that provided 16 percent annual return compounded quarterly. If she made no other transactions with the fund, in how much time, in months, did her investment earn a total interest of $5300?