You expect to receive $18,000 from your godmother at graduation in two years. You plan to invest the gift in the Transylvanian Bank & Loan which pays 11 percent annually on deposits. You'll leave your money in the bank until you have $105,000. How long will you have to wait from now before you reach that target amount? (Do not round your intermediate calculations.)

rev: 09_17_2012 21.17 years 18.90 years 20.79 years 14.90 years 16.90 years