Today, Bruce and Brenda each have $$150,000$ in an investment account. No other

contributions will be made to their investment accounts. Both have the same goal: They each

want their account to reach $$1$ million, at which time each will retire. Bruce has his money

invested in risk$-$free securities with an expected monthly return of $0\mathrm{.}41$ percent. Brenda has

her money invested in a stock fund with an expected semi$-$annual return of $4\mathrm{.}9$ percent. How

many years after Brenda retires will Bruce retire? Choose the closest response.

a$.12\mathrm{.}6$

b$.19\mathrm{.}0$

c$.19\mathrm{.}9$

d$.29\mathrm{.}4$

e$.$ Insufficient Information

USING THE BAII PLUS CALCULATOR WITH STEPS