You expect to receive $13,000 from your godmotherat graduation in two years. You plan to invest the gift in the Transylvanian Bank & Loanwhich pays8 percent annually on deposits. You'll leave your money in the bank untilyou have $99,000. How long will you have to waitfrom nowbefore you reach that target amount?(Do not round your intermediate calculations.)

A) 31.22 years

B) 24.38 years

C) 31.78 years

D) 26.38 years

E) 28.38 years