You open a savings account that pays $5\mathrm{.}75\%$ annually. If you deposit $$8,860$ each year, how long will it take for you to accumulate $$50,000$ in the account?

Group of answer choices

$6\mathrm{.}2$ years

$8\mathrm{.}5$ years

$5\mathrm{.}6$ years

$5\mathrm{.}1$ years