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Rebecca's client wants to save $275,000 for retirement. She has $18,000 to invest today, and can invest an $18,000 annually each year on December 31st.

Rebecca's client wants to save $275,000 for retirement. She has $18,000 to invest today, and can invest an $18,000 annually each year on December 31st. Assuming she can earn 8.5% annually, how many years will it take to achieve her goal?
  • A. 10.4 years
  • B. 9.2 years
  • C. 8.0 years
  • D. 7.6 years

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