Marvin's Goal Is to Accumulate $1,000,000 in His Retirement Plan

Multiple Choice

Marvin's goal is to accumulate $1,000,000 in his retirement plan by making contributions of $250 at the end of each month. He expects to earn 10.8% compounded monthly. How long will it take Marv to reach his goal? (rounded up to the nearest whole year)

A) 34 years
B) 41 years
C) 155 years
D) 14 years
E) 26 years