Solve the Problem $\$ 2162$ In a CD That Is Expected to Earn

Multiple Choice

Solve the problem.
-You just put $\$ 2162$ in a CD that is expected to earn $16 \%$ compounded monthly, and $\$ 7298$ in a savings account that is expected to earn $2 \%$ compounded monthly. Determine when, to the nearest year, the values of your two investments will be the same.

A) 4 years
B) 6 years
C) 11 years
D) 9 years