A retirement home at Wolf Ridge Estates now costs $185,000. Inflation is expected to cause this price to increase at 3% per year. You make an annual contribution of $10,000 to an investment account with the goal to accumulate enough money in 20 years to buy the retirement home at Wolf Ridge Estate. What is the annual rate of return your investment account must generate for you to achieve this goal?

A.

5.10%

B.

None of the listed

C.

6.03%

D.

4.96%