You expect to receive $3,000 at graduation two years from now. Your plan is to invest the money at 10.5%, compounded annually, until you have $50,000. At that time you plan to travel around the world. How long from now will it be until you can begin your travels?

a) 30.2 years b) 27.3 years c) 24.1 years d) 22.3 years