If an investment of $$40,000$ is earning an interest rate of $4\mathrm{.}00\%,$ compounded annually, then it will take $7\mathrm{.}45$ years grad for this investment to reach a value of $$53,679\mathrm{.}69-$assuming that no additional deposits or withdrawals are made during this time.

$\backslash$table$[[$Which of the following statements is true$-$assuming that no additional deposits or withdrawals are made,$1\mathrm{.}34$ years$],[,7\mathrm{.}45$ years$]]$