In an account Lizzie Declark currently has $24,800.00. At a rate of 6.00% how long will it take for them to have $37,610.00 assuming quarterly compounding? (Hint: compute the exact years, do not use rule of 70/72)

a. 7.15 years

b. 27.97 years

c. 1.79 years

d. 6.99 years