You have $$29,567\mathrm{.}74$ in your TFSA now that pays j$12=4\mathrm{.}5\%.$ Starting in one month you plan to withdraw $$500/$month until only $$3,440$ is left to pay for a trip. How many years will it takes until then?

options:

$6\mathrm{.}15$ years

$59\mathrm{.}74$ years

$73\mathrm{.}79$ years

$5$ years

$60$ years