Daniel inherited an annuity worth $4,060.55 from his uncle. The annuity will pay him six equal payments of $800 at the end of each year. The annuity fund is offering a return of Daniel's friend, Eric, wants to go to business school. While his father will share some of the expenses, Eric still needs to put in the rest on his own. But Eric has no money saved for it yet. According to his calculations, it will cost him $49,075 to complete the business program, including tuition, cost of living, and other expenses. He has decided to deposit $5,500 at the end of every year in a mutual fund, from which he expects to earn a fixed 8% rate of return. It will take approximately years for Eric to save enough money to go to business school