Parkville finances its park acquisitions from a special tax of $0\mathrm{.}02$ a bottle, can or glass on all beverages sold in the city. It derives $100,000$ a year from this tax. The city has an option to buy $40-$acre lake front site for $1,000,000$ as soon as sufficient fund accumulate, How will soon will this be if tax receipts are invested annually at the end of each year at $6\%?$

CHOICES

a$.9\mathrm{.}13$ years

b$.6\mathrm{.}98$ years

c$.8\mathrm{.}07$ years

d $\mathrm{.}8\mathrm{.}45$ years