Brian has received $500,000. He wants to buy himself a new car, and invest the rest to retire off of one day without making additional contributions. Assume that Brian needs $1,200,000 in order to retire. Brian is weighing his car options and is asking you, his CPA< how long he will have to wait to retire, depending on his car choice.

His three car choices are: A. BMW sedan for $150,000 B. Jeep for $60,000 C. Toyota sedan for $12,000 Assume that Brian can earn 6% interest with his investment dollars.

Instructions: Under each car option, how long will it take for Brian to retire? Round to the nearest year.

Please show work.