Elena has decided to start saving for retirement. She just recently opened a retirement account but has nothing saved yet. Elena believes that she can begin saving

$5,700

at the end of each year for the foreseeable future. Elena anticipates that the account will earn returns of

9%

each year.If she makes the first deposit into her account one year from today (T=1) and continues making annual deposits of

$5,700

each year thereafter, how long will it be until her account has grown to

$120,000?

The number of years it will take for Elena's account to grow to

$120,000

is CLOSEST to which of the following? (please select the answer from the options below that is CLOSEST to your calculated number of years)